Debt financing of Gullgruven shopping centre

Pareto Alternative Investments (PAI), has through Pareto Eiendomskreditt (PEK) provided NOK 234 million of debt financing for the retail property Gullgruven in the municipality of Bergen. The property is located adjacent to E39 and next to IKEA in Åsane. Gullgruven was built originally in 1979,  completely refurbished and further extended in 2013. The property measures 12.958 square meters in total. The key tenants are Elkjøp Megastore and Meny on long term leases. The property is operated by, the fourth largest owner and operator of shopping malls in Norway.