Pareto Alternative Investments (PAI), through Pareto Eiendomskreditt, provided NOK 202 million in debt financing for the two properties Værstetorvet and Kulturhuset in the municipality of Fredrikstad. Kulturhuset was completely refurbished in 2007, while Værstetorvet was built in 2014/2015. Key tenants are Fredrikstad Kommune, Østfold Fylkeskommune, Rambøll AS, Atea, Griff Arkitektur and Værste AS. The properties will be operated by Værste AS, one of the leading developers in the area. The bond is cross collateralised by the two properties.
The project is owned by a Clarksons Platou syndicate, and Thommessen acted as legal advisor to PAI in the transaction.
More newsSee all news
Pareto Alternative Investments release the first Sustainability report
We are excited to release our first Sustainability report for 2022 for the fund manager Pareto Alternative Investments. The purpose of this sustainability report is to provide an overview of Pareto Alternative Investments environmental, social, and governance performance and initiatives. The report aims to communicate our commitment to sustainability, transparency, and responsible business practices to our stakeholders, including investors, employees, customers, suppliers, and the wider community.