January 27, 2021

PEF II acquires retail property in Mjøndalen – Orkidehøgda

Pareto Eiendomsfellesskap II AS ("PEF II") acquired Orkidehøgda 4,6 and 10 in Drammen municipality during the fourth quarter of 2020.

Pareto Alternative Investments AS has on behalf of Pareto Eiendomsfellesskap II AS(“PEF II”) acquired a retail park consisting of 10 337 sqm., and a smaller educational building measuring 1 687 sqm. The property is located in an established retail warehouse hub in Mjøndalen Næringspark. The retail warehouse hub consists of several complimentary retailers, constituting an attractive retail destination for consumers. Coop Obs! Bygg is the largest tenant representing 65 % of the retail park, followed by Power Norge AS and Thansen AS. Kompetansesenteret is the only tenant in the education building, and the overall WAULT is 11,6 years.

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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.