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Mandate Vinge advises Norwegian Property ASA in connection with the sale of Norgani Hotels AS

November 08, 2010

Vinge has advised Norwegian Property ASA a company listed on the Oslo Stock Exchange in connection with the sale of Norgani Hotels AS to Sech Holding AB, a company owned by Pandox AB and Heches Holding AB, which, in turn, are controlled by Eiendomsspar AS and the Sundt family. Completion took place on 4 November and the purchase price amounted to approximately SEK 9.9 billion. Norgani Hotels AS conducts hotel ownership and management operations in the Nordic countries. The real estate portfolio consists of 73 hotels, 41 of which are located in Sweden. Following the acquisition, Pandox AB will be one of the leading hotel property owners in Europe with 119 hotels.

Vinge’s team consisted of partners Morgan Hallén and Fredrik Sonander and several associates including Christina Carrick.

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