PEF acquires Kveldroveien 19

Pareto Eiendomsfellesskap has acquired Kveldroveien 19, a new logistics property located in Vinterbro commercial park in the Municipality of Ås. The area benefits from its strategic location, next to European Highway 6 (E6) and European Highway 18 (E18) just ~ 22 km south of Oslo.

Kveldroveien 19 is a modern and efficient logistics property built in 2007. The warehouse contains 24 loading ports and AutoStore installation. The property is highly energy efficient with 15 drilled wells for geothermal heating. Total building area is approx. 16,337 m2 (BTA) divided on warehouse and an office wing. The property is fully let on a long triple-net lease contract to Jernia AS, one of Norway’s most known hardware retail chains.

About PEF – Pareto Eiendomsfellesskap is a closed-end property fund established in 2009 to offer institutional investors an unlevered exposure to logistics properties in Norway. The fund strategy is directed towards modern and centrally located logistics properties with long leases and solid tenants. The portfolio consists of 29 logistics properties with 44 tenants located in the greater Oslo area.The portfolio has a gross property value of NOK 7.6 billion.

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