Pangea Property Partners, with offices in Stockholm, Oslo and London, and Helsinki-based Mrec have entered into a cooperation on a project basis in order to take advantage of the increase in cross-border property transactions in the Nordic region.
Pangea Property Partners, with offices in Stockholm, Oslo and London, and Helsinki-based Mrec have entered into a cooperation on a project basis in order to take advantage of the increase in cross-border property transactions in the Nordic region.
Commenting on the initiative, Bård Bjølgerud, CEO and Partner at Pangea Property Partners, said there was 'tremendous' investor interest in the Nordic property market. Cross-border transactions are driving the market. This cooperation will enable us to serve our clients even better,'
Over the past years, international interest in the Nordic property market has increased significantly. Transaction volumes reached €40.4 bn in 2015, of which cross-border buyers accounted for €13.3 bn (33% of the volume), according to figures from Pangea Property Research.
This represents an increase of more than 110% compared to the level of cross-border investments in 2014.
'We are delighted with this opportunity to widen our scope of services as well as further improve our contact network. With this arrangement we can provide our clients with an improved Nordic presence in cross-border and pan-Nordic business,' said CEO Ville Mannila of Mrec.
