In Q2 2017 Pareto Eiendomsfellesskap II (PEF II) entered into a forward contract to acquire a logistics property under construction in Aurvegen next to Gardermoen Airport. The building is now completed, and was handed over to PEF II on May 9 th 2018. The property is 5,366 sqm with development potential to build an additional 3,000 sqm. The property is leased to Bane NOR (formerly “Jernbaneverket”) on a 15 year contract. Bane NOR is a state owned company engaged in the construction and maintenance of the railway infrastructure in Norway. The property will be a central logistics warehouse in the development of large infrastructure projects going forward, such as the InterCity project, Follobanen, Ringeriksbanen etc.
PEF II is an unleveraged closed-end fund investing in office, retail, logistics and specialized real estate properties in Norway. The investors in PEF II are Norwegian insurance companies and pension funds.
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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.