Pareto Alternative Investments AS has on behalf of Pareto Eiendomsfellesskap AS (“PEF”) acquired a logistics property from Veidekke Eiendom AS. The property is located in Berghagan Næringspark, Ski municipality. The building is expected to be completed during Q4 2019 and will measure 11,650 sqm, where more than 60% of the lettable area is let to Truck & Trailer Industry AS on a 15-year lease contract. There are ongoing negotiations regarding the lease of the remaining area.
- We have increased our focus on development of logistics sites together with Veidekke Logistikbygg. This is an exciting project with a solid and good tenant, sold to a long-term and professional property owner. We are pleased with selling the project before completion and thus freeing up capital for new investments, says Thomas Nielsen, Head of Acquisition at Veidekke Eiendom.
- We are pleased to have acquired another modern logistics property, which fits well into the fund’s existing portfolio. We know that we get a good product for the benefit of both tenant and owner when Veidekke acts as project manager and contractor, says Johan Anker-Rasch, Managing Director at Pareto Alternative Investments.
Pareto Eiendomsfellesskap is an unleveraged closed-end fund investing in logistics real estate in Norway. The investors behind PEF are Norwegian insurance companies and pension funds.