December 16, 2020

Debt financing of the "Telegraph"

PAI has acted as lead investor in the NOK 1.6bn financing of the “Telegraph”, an office property located in Kongens Gate 21 in the Oslo city centre. The property has been completely renovated and certified to BREEAM Very Good.

The property is considered an architectural icon, a building of 25,000 sq.m. that occupies an entire block of the Kvadraturen district. Kongens Gate 21 was designed by the renowned architects Magnus Poulsson and Arnstein Arneberg, who also designed Oslo City Hall. With its marble stairways and a fresco painting by Alf Rolfsen adorning the main public vestibule, the neo-Baroque building opened to acclaim in 1924 as Norway’s then largest office building. The property was extended in 1966 along more minimalist lines, typical of the style at the time.

 

Congratulations to Tristan Capital Partners, Vedal and Malling & Co as sellers, and Arctic Securities AS as buyer.

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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.