January 27, 2021

PEF II acquires retail property in Mjøndalen – Orkidehøgda

Pareto Eiendomsfellesskap II AS ("PEF II") acquired Orkidehøgda 4,6 and 10 in Drammen municipality during the fourth quarter of 2020.

Pareto Alternative Investments AS has on behalf of Pareto Eiendomsfellesskap II AS(“PEF II”) acquired a retail park consisting of 10 337 sqm., and a smaller educational building measuring 1 687 sqm. The property is located in an established retail warehouse hub in Mjøndalen Næringspark. The retail warehouse hub consists of several complimentary retailers, constituting an attractive retail destination for consumers. Coop Obs! Bygg is the largest tenant representing 65 % of the retail park, followed by Power Norge AS and Thansen AS. Kompetansesenteret is the only tenant in the education building, and the overall WAULT is 11,6 years.

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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.