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.