Helaba finances two logistics properties in Sweden for Norwegian Pareto Group (SE/NO)

Helaba is arranging and financing two logistics properties in Haninge (Stockholm) and Jönköping, Sweden, for SEK 240.5 million (approx. €27 million) for the Norwegian Pareto Group.

The Pareto Group is an independent Norwegian financial services company and, at the same time, one of the largest holders of real estate in Norway. The Pareto Project Finance currently manages properties with a value of over NOK 30 billion (approx. €4 billion).

Both properties have been fully let under long-term agreements. The property in Jönköping serves as a distribution center for the discount furniture store Rusta for its range of home furnishings and leisure products.

The property in Haninge is the northern European headquarters of Tech Data AB, part of the Tech Data Corporation, the biggest worldwide logistics company for IT and software products.

Since the beginning of its activities in 2006, Helaba has provided financing in an amount of over €3.5 billion in northern Europe.

Source: Helaba

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