Pareto Alternative Investments AS has on behalf of Pareto Eiendomsfellesskap II AS (“PEFII”) acquired a new logistics property from Bulk Infrastructure AS (“Bulk”).The property is in Nebbenes in Eidsvoll municipality, next to the main highway (E6) and around 10 minutes from Oslo Airport. The building will be completed in February 2019 and measure 21,200 sqm, with a total land plot of around 50,000 sqm. The whole property is let out to Tibnor AS on a 20-year lease contract. Tibnor is the leading Nordic supplier of steel, other metals and processing services.
The selling company, BULK Infrastructure AS, is a leading provider of sustainable digital infrastructure in the Nordics. The company is highly specialized in building data centers, industrial real estate and fiber networks. To date, the company has developed more than 400,000 square meters of logistics warehouses and cross-dock terminals. Since 2010 Bulk has so far sold 25 property projects fora total amount of NOK 5.2 billion.
Pareto Alternative Investments manages NOK 13.1 billion in assets on behalf of Norwegian and international institutions, as well as private investors. The company has more than 10 years of experience with management of real assets and is part of the Pareto Group – a leading and independent operator of financial services in the Nordics.