PEFI is a feeder fund established to give investors a leveraged exposure in the reputable master fund Pareto Eiendomsfellesskap IS ("PEF"), which already holds the largest logistics real estate portfolio in Norway. The master fund has generated an annual unleveraged return of 9.7 % since the fund was established in 2009. The target LTV of PEFI is 35 %, with a cap of 40 %.

Jonathan Barfod, Partner & Investment Director Real Estate, said:

"With the establishment of PEFI we are able to provide a new group of investors, such as family offices and foundations, an opportunity to invest in Norway’s largest portfolio of logistics real estate. Instead of establishing a new closed-ended logistics fund, PEFI enables our existing fund to continue to grow and strengthen its market position for prime logistics real estate in the Oslo-region. PEF now holds a portfolio of over 300,000 sqm, consisting of 28 properties with 43 tenants and several land plots for newbuild projects. The fund is still expanding and our goal is for PEF to be the preferred partner for tenants seeking logistics space and for investors seeking attractive long-term returns. PEF has generated an annual unleveraged return of 9.7 % since the fund was established in 2009."

The Wikborg Rein core team comprised Snorre Nordmo, Ole Andenæs and Sigurd Opedal.

For more information see the following links:

• https://eiendomswatch.no/nyheter/handel/article13299680.ece and
• https://www.paretoai.no/news/pareto-alternative-investments-successfully-launches-strategy-for-leveraged-exposure-to-logistics-real-estate