October 1, 2024

Debt financing of Fyrstikkalléen 3 at Helsfyr, Oslo

Pareto Alternative Investments has provided NOK 320 million in 1st-lien debt in relation to the refinancing of Fyrstikkalléen 3, located in Helsfyr, Oslo.

Fyrstikkalléen 3 is located centrally at Helsfyr, in close proximity to the metro as well as other public buildings in the area. The property is fully let, with tenants such as Utdanningsetaten, Statens Vegvesen, and Forsvarets Personellservice on longer leases. Other tenants include private companies such as Norengros, Økonomibistand, etc. Overall, approximately ≈55% of rental income stems from public tenants, whereas 14% stems from Forsvarets Personellservice (the majority shareholder and deemed to be a strong counterparty).

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