January 8, 2019

PEF transaction

Pareto Eiendomsfellesskap (“PEF”) acquired a portfolio of logistics properties in the greater Oslo region.

Pareto Eiendomsfellesskap (“PEF”) has acquired a portfolio of logistics properties in the greater Oslo region. The portfolio consists of 7 properties, of which 4 are located at Fugleåsen in Ski municipality and 3 are located in Vestby municipality. All buildings are built during 2016-2018, with a total area of around 31,000 sqm. The properties are leased out on long term contracts, with an average lease length of 9.7 years. The lessees include Synnøve Finden AS, Namron AS (Elektroimportøren), Vinmonopolet AS, LVD Lastvagnsdelar AS, Smart Retur Norge AS, Eurostar AS, Follo Ren IKS and Bio Energy AS. Several of the warehouses in the portfolio are being used in direct relation to the lessees e-commerce operations. With this transaction, PEF continues to build Norway’s largest logistics fund with a primary focus in the greater Oslo region. The fund is actively seeking new assets to add to its existing portfolio throughout 2019.

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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.