November 2, 2017

PEF II transaction

Pareto Eiendomsfellesskap II ("PEF II") acquired the industrial/logistics property Granittveien 4.

The property is located in a newly established industry- and logistics park in the municipality of Enebakk.  The building measures in total 10.784 sq.m and the lot has a further development potential of 5.000 sq.m. The property is fully let on a 10 year triple-net lease to Ramirent AS, a subsidiary of Ramirent Oyj which is a leading rental equipment group. Ramirent Oyj is listed on NASDAQ OMX Helsinki. The acquisition of Granittveien 4 represents a continuation of PEF II's strategy to build a diversified portfolio of yielding real estate with long term leases. 

Pareto Eiendomsfellesskap II is an unleveraged closed end fund investing in commercial real estate in Norway, primarily with long term leases. The investors behind PEF II are Norwegian insurance companies and pension funds.

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