Debt financing to IK Gruppen AS

Pareto Alternative Investments (PAI), through Pareto Obligasjonsfellesskap Eiendom (POFE), has provided NOK 320m in additional debt financing following IK Gruppen’s acquisition of the two remaining buildings in the quarter; Tollbugata 7 and Tollbugata 11. The key tenant in Skippergata 19 and Prinsens gate 6, hotel operator Citybox Oslo AS, has already expanded to Tollbugata 7 and significantly increased its capacity. The hotel had the highest occupancy rate of all hotels in Oslo in 2018 totaling 90,2%. Other tenants include Maya Apartments AS, Pascal Drift AS and Stockfleths AS. The total WAULT of the portfolio is 12.9 years.

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About POFE – Pareto Obligasjonsfellesskap Eiendom is a credit structure established by PAI with the objective to provide long term debt financing for commercial real estate in Norway. The investors behind POFE are Norwegian insurance companies and pension funds. POFE is closed for commitments.

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January 22, 2025

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.

January 10, 2025

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.

January 10, 2025

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.