October 4, 2021

PEF acquires logistics property in Lillestrøm – Ausenfjell

Pareto Alternative Investments AS has on behalf of Pareto Eiendomsfellesskap AS (“PEF”) acquired Tretjerndalsveien 62 in Lillestrøm, Viken county.

The property is located at Frogner – a small industrial area 33 kilometers from Oslo in Lillestrøm municipality. Tretjerndalsveien 62 measures 5,150 sqm BTA with multiple storage units including cold and dry storage. The building was completed in 2000 and expanded in 2015. European route 6 (E6), one of the main transportation corridors for domestic logistics and connection from Norway to the rest of Europe, is a few minutes away from the building. This adjacency makes Tretjerndalsveien 62 very attractive to companies looking for warehousing in the Greater Oslo region. It takes less than one hour to reach roughly 1.6 million residents surrounding Oslo. The land plot amounts to 10,020 sqm. The whole building is leased to Servicegrossistene AS on a long-term contract.

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 exclusively of logistics properties located in the greater Oslo area.

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Debt financing of landmark office-to-hotel conversion in Copenhagen

Pareto Alternative Investments (PAI), on behalf of Pareto Real Estate Credit Fund, is pleased to announce the five-year debt financing of Halmtorvet 20-22, a landmark office-to-hotel conversion property strategically located in central Copenhagen’s Vesterbro district.

Debt financing of Carucel Sentrum Holding

Pareto Alternative Investments AS has provided NOK 440 million in 1st-lien debt for the financing of a portfolio of four residential assets owned by Carucel Sentrum Holding ("Carucel"). The properties consists of residential areas and commercial areas, and are located in Bydel Frogner in Oslo Municipality, Norway, on attractive micro locations with immediate tram access.

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.