Pareto Eiendomsfellesskap divested a portfolio of big box retail properties in Norway to refocus on logistics real estate, aligning with their long-term investment strategy.
Target Information
Pareto Eiendomsfellesskap (PEF) recently divested a portfolio comprising significant big box retail properties situated in Lillestrøm, Fredrikstad, and Hamar during the second quarter of 2019. This portfolio is fully leased to four tenants, featuring well-established retailers such as Optimera, Jula, and Skeidar, with lease contracts secured through their respective national parent companies. The strong tenant base underscores the portfolio's stability and desirability in the retail space.
The properties are primarily occupied by tenants in the building supplies sector, which has seen a robust revenue growth of 5% (CAGR) over the past five years, alongside solid operating margins. Additionally, the portfolio boasts a weighted average unexpired lease term (WAULT) of 11.3 years, a 100% cost price index (CPI) rent escalation, and a 0% vacancy rate, indicating a lucrative investment.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Norway
The building supplies industry in Norway has experienced consistent growth, provided largely by increased demand for construction and renovation projects. With a CAGR of 5% ov
Similar Deals
North Star Investments → Wagner Savoy Melhus AS
2023
Ahlsell AS → Bygg & Industrisalg AS
2018
Apollo Sports Capital → Atlético de Madrid
2026
Akershus Eiendom
invested in
big box retail properties portfolio
in 2019
in a Other Private Equity deal