March 30, 2021

Debt financing of Söder, Helsingborg

Pareto Alternative Investments has provided debt financing for the Söder citygalleria in Helsingborg, Sweden, including construction financing for an 83-unit residential tower to be built on the property.

Pareto Alternative Investments AS (“PAI”) has provided a SEK 220m debt financing for the mixed-use property Söder in Holland 25-26 Helsingborg, Sweden. The issuer is a wholly owned subsidiary of Jefast Holding AB, a Swedish real estate company owning and developing properties in the Helsingborg-region. The existing property measures 22 735 sqm, and consist of i.a. a 8,541 sqm retail/F&B/fitness destination and a modern 775-seatcinema.  The bond financing framework can furthermore be increased to SEK 387m in order to finance the construction of an 83-unit residential tower on the north-east corner of the property. PAI hasprovided the financing through its sustainability linked real estate fund, Pareto Real Estate Credit Fund IS (“PREC”).

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