The corporate finance Real Estate team of SEB Enskilda in Norway, and the Swedish real estate advisory firm Lundberg & Partners, have announced they are to establish a new fully integrated Nordic corporate finance firm focusing on the real estate sector.
The corporate finance Real Estate team of SEB Enskilda in Norway, and the Swedish real estate advisory firm Lundberg & Partners, have announced they are to establish a new fully integrated Nordic corporate finance firm focusing on the real estate sector.
The new company will be named Pangea Property Partners. Pangea is Ancient Greek for 'entire Earth', and was the name of the supercontinent that existed about 250 million years ago.
Pangea Property Partners already comprise 27 professionals and will formally start up in the fourth quarter of 2009. The CEO will be Bård Bjølgerud, deputy CEO of SEB Enskilda in Norway.
Bjølgerud said: 'We will be the definitive leading advisory firm within the Nordic property sector, both in relation to execution of transactions, initial public offerings (IPOs), equity raising, analysis and strategic advisory. To an increasing extent both domestic and international clients requests a broad and experienced knowledge centre with a Nordic focus - which they now will get. Our ability to execute and manage complex situations and transactions has been proven a number of times'.
