February 17, 2022

Debt financing of Askim Retail Park

Pareto Eiendomskreditt (PEK) has successfully refinanced the existing bond related to Askim Retail Park.

Pareto Alternative Investments (PAI), through Pareto Eiendomskreditt, has provided NOK 333m in debt financing to the mixed use property Askim Retail Park (Henstad Allé 1-3) in Indre Østfold municipality. Key tenants include Jula, Power, Indre Østfold Kulturskole and Europris, with a total WAULT of ~5.2 years including all lease contracts. Askim has become the municipal centre and largest town in the newly merged Indre Østfold municipality. The key tenants in Askim Retail Park have limited competition in the region and is a natural alternative within less than a 30 minutes drive.

More news

See all news