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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Pareto Solar Fund establishes Norway’s largest solar power plant

Pareto Solar Fund AS (“PSF”), managed by Pareto Alternative Investments AS, is set to establish Norway’s largest solar power plant, with a total installed capacity of over 7,500 kWp. This state-of-the-art facility will generate more than 6 million kWh of renewable energy annually, equivalent to the consumption of approximately 375 Norwegian households. The solar power plant will be installed on one of Norway's largest and most complex logistics properties, under development by Logistic Contractor Norge AS ("LC) and owned by Niam AS, supplying clean energy to the tenant, Ahlsell Norge AS, and contributing to a more sustainable energy future. Read the press release below.

Debt financing of Adven Group Oy

Pareto Alternative Investments AS, on behalf of institutional investors, has participated in a multi-currency c. EUR 675 million (equivalent) infrastructure debt financing of Adven Group Oy, an energy infrastructure provider in the Nordics and Baltics.

PEF Acquires Logistics Property in Lillestrøm

Pareto Eiendomsfellesskap (PEF), is pleased to announce the acquisition of Idun Industri’s HQ location Hvamveien 1. The property has a highly central and strategic location in Hvam, Lillestrøm, 20 min. north of Oslo. With immediate access to the E6 highway, proximity to both central Oslo and Oslo Airport, the location provides easy access to central Norwegian logistics routes.