October 5, 2018

Debt financing of Gullgruven shopping centre

Pareto Eiendomskreditt has provided debt financing for the acquisition of Gullgruven shopping centre in Åsane, municipality of Bergen.

Pareto Alternative Investments (PAI), has through Pareto Eiendomskreditt (PEK) provided NOK 234 million of debt financing for the retail property Gullgruven in the municipality of Bergen. The property is located adjacent to E39 and next to IKEA in Åsane. Gullgruven was built originally in 1979,  completely refurbished and further extended in 2013. The property measures 12.958 square meters in total. The key tenants are Elkjøp Megastore and Meny on long term leases. The property is operated by, the fourth largest owner and operator of shopping malls in Norway.

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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.