September 3, 2020

New lease contracts in PEF

Pareto Eiendomsfellesskap (PEF) has signed three new lease contracts in Vestby

Pareto Eiendomsfellesskap acquired Toveien 28 in Vestby in June 2019. The property is a 30,000 sqm multi-tenant warehouse facility which is let out to DHL and Contera/Right Price Tiles. Around 10,000 sqm were vacant at the time of the transaction, and since then, Pareto have conducted significant upgrades to the property and successfully let out around 8,000 sqm to three new tenants. The tenants are Pluss+/Sprell, Eurofusion and Procurator. There are ongoing negotiations with potential tenants for the remaining vacant area.

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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.