January 15, 2021

Debt financing of Vestkorridoren Eiendomsinvest

Pareto Alternative Investments has provided debt financing for the acquisition of Vestkorridoren Eiendomsinvest consisting of two properties located at Lierstranda and Asker respectively.

Pareto Alternative Investments (PAI) provided NOK 470m in debt financing for the properties Kjellstad Næringspark (Lierstranda) and Hagaløkkveien 13 (Asker). Kjellstad Næringspark was completed in 2018 and is a combined office and storage building. The property measures 14 102 sqm BTA and is certified with BREEAM-NOR “Very Good”. Hagaløkkveien 13 is a refurbished office building consisting of 6 088 sqm BTA, of which 800 sqm is a newly built pavilion. The property is in close proximity to public transport and Asker train station.Total WAULT for both properties is ~8 years, and the largest tenants include Bergans Fritid AS, Kontorhuset Drift AS and Garo AS.

Congratulations to Holtefjell Eiendom as sellers and Clarksons Platou Real Estate as buyer.

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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.