January 22, 2020

Debt financing of Kokstadflaten 35

Pareto Eiendomskreditt (PEK) has provided debt financing for the acquisition of Kokstadflaten 35 located at Kokstad - a 4 minute drive from Bergen Airport (Flesland).

Pareto Alternative Investments (PAI), through Pareto Eiendomskreditt (PEK), has provided NOK 390m in debt financing for the office property Kokstadflaten 35 located at Kokstad -  a 4-minute drive from Bergen Airport (Flesland). The total lettable area is 24,232 sqm, of which Odfjell Drilling AS occupies the majority as the key tenant. The property houses about 40 companies with a total of 500-600 employees. The property is currently under BREEAM In-Use certification with expected rating of minimum BREEAM Excellent.

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Debt financing of landmark office-to-hotel conversion in Copenhagen

Pareto Alternative Investments (PAI), on behalf of Pareto Real Estate Credit Fund, is pleased to announce the five-year debt financing of Halmtorvet 20-22, a landmark office-to-hotel conversion property strategically located in central Copenhagen’s Vesterbro district.

Debt financing of Carucel Sentrum Holding

Pareto Alternative Investments AS has provided NOK 440 million in 1st-lien debt for the financing of a portfolio of four residential assets owned by Carucel Sentrum Holding ("Carucel"). The properties consists of residential areas and commercial areas, and are located in Bydel Frogner in Oslo Municipality, Norway, on attractive micro locations with immediate tram access.

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.