October 13, 2026

Debt financing of a portfolio of eight retail properties

Pareto Alternative Investments AS (“PAI”) is pleased to announce the agreement with Slate Asset Management (“Slate”) and One Investment Management ("OneIM") for a NOK 1,620,000,000 senior secured five-year bond financing of Tellus Bidco AS, in relation to the acquisition of a portfolio of grocery-anchored retail parks in Norway from Tellus Eiendom AS.

The portfolio consists of eight properties in the Greater Oslo region at locations along major transport corridors around Oslo and is primarily let to essential tenants serving non-discretionary, everyday needs, including Coop, Norgesgruppenand Reitan Retail.

“We have built and developed this portfolio over many years and are pleased to entrust it to Slate Asset Management. The buyers are well positioned to manage and further develop the properties, and we thank them for their constructive cooperation throughout the sale process,” said Per Øivind Dahl, CEO Tellus Eiendom AS.

This acquisition builds on Slate and OneIM’s existing partnership and follows their investments in a portfolio of five grocery-anchored retail properties in Greater Copenhagen, as well as a portfolio of four essential real estate properties in Germany.

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