In accordance with the realization strategy in PEN , the fund exits its exposure in Denmark by selling Freja’s transport and logistics centre in the Aarhus area. The property is located at Ørstedsvej 11 in Stilling and the facility has easy access to the E45 motorway. The property comprises a total of 15,088 sq m.segmented by a cross-dock terminal, warehousing and office space. Pareto Alternative Investments renegotiated the lease contract with Freja in advance of the divestment.
CBRE Capital Markets and Lundgrens Advokatpartnerselskab assisted Pareto Eiendomsinvest Nordic in the sale of the property.
About PEN – Pareto Eiendomsinvest Nordic is a closed-end property established in 2006 primarily to offer private investors a broad exposure to commercial real estate in the Nordics. PEN is currently exercising its realization strategy inaccordance with the fund's mandate.