July 13, 2024

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Business is my step

Pangea establishes Task Finance firm

2 min read
Pangea establishes Task Finance firm
Pangea establishes Task Finance firm

Pangea Home Associates is expanding its business enterprise and establishes Pangea Job Finance AS from 1 January 2021. A team from DNB Markets has been recruited and the syndication profile Arnstein Rød (46) will lead the corporation.

– Pangea Undertaking Finance becomes a sister company of Pangea Residence Companions. Pangea is one of the greatest genuine estate advisers in the Nordic region, and we are in an remarkable posture to come to be a more completely integrated serious estate residence. For quite a few several years, our consumers have been inquiring us to present this kind of services, says Bård Bjølgerud, CEO and Associate at Pangea House Companions.

Recruits real estate profile
Arnstein Rød has labored in the DNB method for 20 several years and has led the actual estate syndication team at DNB Markets. He has completed more than 200 real estate transactions well worth extra than NOK 40 billion, of which 30 transactions value about NOK 10 billion have been done more than the previous a few yrs. Rød holds a master’s degree in business from the Norwegian School of Economics (NHH). He is joined by Viktor Myhre from DNB Markets who starts as an Affiliate. The two started off on January 4th.

– Arnstein is 1 of Norway’s major profiles in this region, and he will be dependable for the create-up of Pangea Task Finance AS. We will proceed to acquire Pangea to be the primary advisor in the Nordic region on the mix of serious estate and finance. With our abilities and trader community, this is a all-natural growth of our solutions, claims Bjølgerud.

A increasing industry
In 2020, the Nordic transaction quantity was approx. NOK 440 billion, and the syndication current market accounts for an increasing share of the total. For illustration, syndicates account for all-around 30 percent of the financial investment volume in the Norwegian professional authentic estate marketplace above the previous a few decades, which corresponds to NOK 85 billion out of a overall quantity of NOK 288 billion.

– I am incredibly a great deal on the lookout ahead to turning into component of the Pangea system, as perfectly as leading and getting responsible for the institution and development of Pangea Task Finance AS. Our ambition is to establish a main challenge finance participant in the Norwegian and Nordic serious estate industry, suggests Arnstein Rød, Controlling Director and Husband or wife at Pangea Job Finance AS.

– Pangea’s effects communicate for themselves, and there is no question that this is 1 of the strongest actual estate brands in the Nordic location. I have relished operating at DNB for two many years, but I could not move up this chance, he provides.

Norwegian push launch
Pangea Task Finance symbol

For more details:

Bård Bjølgerud, CEO & Husband or wife, Pangea Residence Companions,
(+47) 484 08 080, [email protected]

Arnstein Rød, Controlling Director & Spouse, Pangea Project Finance,
(+47) 959 11 594, [email protected]

Aleksander Lee Olsen, Head of Communications, Pangea Residence Partners,
(+47) 415 79 725, [email protected]