November 6, 2020

PEF new-build contract in Vestby

PEF has entered into an agreement to contract a 24.000 sq.m. newbuild logistics building in Vestby for NDI Norge AS

Norways's largest logistics supplier, Pareto Eiendomsfellesskap AS (PEF), has entered into an agreement to contract a 24.000 sq.m. new-build logistics building in Vestby for NDI Norge AS. The building completion and subsequent handover is expected to take place in the summer of 2022.

"We are proud to have won this lease agreement with NDI after being in competition with many prominent real estate developers. Together with NDI we have developed solutions which will suit their needs and make the building very flexible and attractive for long ownership by PEF. We have recently signed many lease contracts in Vestby og the contract with NDI further extends our notion that the logistics park is increasing in attractiveness for logistics users." - says Jonathan Barfod, partner and investment director in Pareto Alternative Investments AS.

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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.