February 1, 2022

PEF acquires logistics property in Vestby

Pareto Alternative Investments AS has on behalf of Pareto Eiendomsfellesskap AS (“PEF”) acquired a new property for the expansion of their existing ownership of Stormåsan 13 in Vestby municipality.

The property is located in Vestby – an industrial area 38 kilometers from Oslo in Viken county. The Stormåsan 13 expansion measures 6.500 sqm BTA with office and storage units. The building was completed in December 2021 and is fully operational. After completion of the expansion, total sqm for the property measures approximately 13.000 sqm BTA. Both sections of the property are let to Namron AS on a 10-year lease agreement. The property is attractive for long-term rentals and can effortlessly be transformed into a multi-tenant building for future purposes.

The building has a photovoltaic system (solar panels) installed on its roof; a system able to provide the tenant with a renewable source of energy. The capacity of the system is 490 kWp which equates to an estimated yearly production of 390.000 kWh based on the hourly amount of sun in the region. As a result of the significant spike in electricity prices, solar panel installations on the roof of our buildings have become increasingly attractive and a sustainable option for energy.

European route 6 (E6), one of the main transportation corridors for domestic logistics and connection from Norway to the rest of Europe, can be accessed within a minute from the property. Stormåsan 13 serves as an attractive location for companies looking for warehousing in the Greater Oslo region.

About PEF –Pareto Eiendomsfellesskap is a closed-end property fund established in 2009 to offer institutional investors an unlevered exposure to logistics properties in Norway. The fund strategy is directed towards modern and centrally located logistics properties with long leases and solid tenants. The portfolio consists exclusively of logistics properties located in the greater Oslo area.

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