June 19, 2024

PEF acquires a development site in Moss Business Park

PEF has acquired a development site in Moss Business Park. The site spans 65 acres and is fully zoned for industrial/warehouse purposes. The seller of the site is Skolt Holding AS.

Pareto Alternative Investments plans to develop a warehouse and logistics building exceeding 21,000 square meters GFA on the site. Additionally, a large solar power system with an installed capacity of 3 MWp is planned for installation on the roof and façade, with an estimated annual electricity production of 2.5 GWh.

Pareto Eiendomsfellesskap AS is a all-equity investment company managed by Pareto Alternative Investments AS (PAI). PAI is part of the Pareto Group and is 97.5% owned by the parent company, Pareto AS. PEF is owned by Norwegian pension, insurance, and life companies, with a total value of approximately NOK 7.7 billion.

Skolt Holding is a family-owned parent company in a group operating in aggregates and masses, real estate, and contracting services. The Skolt Holding group has owned and developed Moss Business Park since 2018, currently holding approximately 62,000 square meters of undeveloped buildable land in the business park. The group's operations are primarily concentrated in Østfold and southern Akershus, but they also undertake individual projects elsewhere. The group's turnover ranges between NOK 1 and 1.5 billion.

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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.