June 19, 2024

PEF acquires a development site in Moss Business Park

PEF has acquired a development site in Moss Business Park. The site spans 65 acres and is fully zoned for industrial/warehouse purposes. The seller of the site is Skolt Holding AS.

Pareto Alternative Investments plans to develop a warehouse and logistics building exceeding 21,000 square meters GFA on the site. Additionally, a large solar power system with an installed capacity of 3 MWp is planned for installation on the roof and façade, with an estimated annual electricity production of 2.5 GWh.

Pareto Eiendomsfellesskap AS is a all-equity investment company managed by Pareto Alternative Investments AS (PAI). PAI is part of the Pareto Group and is 97.5% owned by the parent company, Pareto AS. PEF is owned by Norwegian pension, insurance, and life companies, with a total value of approximately NOK 7.7 billion.

Skolt Holding is a family-owned parent company in a group operating in aggregates and masses, real estate, and contracting services. The Skolt Holding group has owned and developed Moss Business Park since 2018, currently holding approximately 62,000 square meters of undeveloped buildable land in the business park. The group's operations are primarily concentrated in Østfold and southern Akershus, but they also undertake individual projects elsewhere. The group's turnover ranges between NOK 1 and 1.5 billion.

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