October 19, 2020

Debt financing of Karvesvingen 5

Pareto Eiendomskreditt (PEK) has provided debt financing for the acquisition of Karvesvingen 5 located at Hasle/Økern in Oslo.

Pareto Alternative Investments (PAI), through Pareto Eiendomskreditt (PEK), has provided NOK ~552m in debt financing for the property Karvesvingen 5 located at Hasle/Økern in Oslo.  Karvesvingen 5 is a state-of-the-art office building completed at the end of 2019 which, with the help of data, technology and sensors, will promote innovation and new thinking.The property is developed in collaboration with the key tenant, Atea AS, and is classified as BREEAM-NOR Excellent, Passive House and Energy Class A. The property is within walking distance from three metro stations (Hasle, Økern and Løren). The total lettable area is 17 546 sqm distributed across 11 floors. Key tenants include Atea AS, Ö Haslelinje AS and Telenor Norge AS, with a total WAULT of ~8 years. 

 

Congratulations to Höegh Eiendom and AF Gruppen as sellers and Clarksons Platou Real Estate as buyer.

More news

See all news

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.