January 8, 2025

Debt financing of Borgard AS (Servicegrossisten Øst)

Pareto Alternative Investments, on behalf of Pareto Eiendomskreditt and Pareto Real Estate Credit Fund, is pleased to announce the NOK 311m debt financing of Drammensveien 185 located at Liertoppen in Lier municipality, strategically located next to E18 at the west-axis south of Oslo.

Drammensveien 185 is a modern logistics building completed in 2017 and is fully leased to Servicegrossisten Øst AS on a long contract. The building functions as the HQ for the tenant, which operates in the B2B-grocery market delivering food to municipalities, hospitals, restaurants, etc., in the Greater Oslo area. The tenant is deemed to be solid, and is co-owned and member of Servicegrossistene AS - Norway's largest food-wholesaler after ASKO. The property has an energy character of A (storage) and B (office), as well as a BREEAM In-Use classification of "Good". The building includes freezing-, cooling- and normal storage areas with 10m clear height, with docks on both sides of the building.

Located at Liertoppen along the E18 and the western corridor from Oslo towards Drammen, the building has a strategic location with a catchment area of approximately 2 million people within an hour's distance of driving.

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.