"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." - says Jonathan Barfod, partner and investment director in Pareto Alternative Investments AS.
Toveien 50 is a 23.000 sq.m. new-build logistics building in Vestby. The property is dimensioned for efficient handling of around 150,000, mostly passenger car tires, but also a considerable amount of tires for plant, industry, agriculture and truck.
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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PEF acquires remaining share in the development project located at Toveien 41
Through a joint venture, Pareto Eiendomsfellesskap (PEF) and Anthon Eiendom AS have collaborated on the development of two modern logistics properties, Toveien 41-43 and 45-49, in Vestby Næringspark. PEF has now aquired Anthon Eiendom's 50 % stake in the joint venture containing the new logistics properties and gets 100 % ownership.
Debt financing of Norled AS
Pareto Alternative Investments AS has participated in a 7-year €700+ million infrastructure debt financing of Norled AS, a leading express boat and ferry operator providing essential transportation services along the Norwegian coast.