Pioneer Property Group ASA (PPG) is an investment company with a real estate focus. The current real estate portfolio consists of a total of 13 preschool properties located in Norway, Sweden, Netherlands and Poland. The properties are leased out at long-term triple-net contracts to Norlandia. Further, PPG holds a 10% stake in Odin Bidco AS which owns a real estate portfolio of ~200 preschools at long-term triple-net contracts in the Nordics.
The focus area for PPG will be to continue to invest in real properties and enter into long-term leases with government-backed tenants in Europe. Further PPG may establish a new division within the group with focus on investments within commercial real estate, such as office buildings and hotels in addition to development projects.
Pioneer Property Group ASA’s Articles of Association can be accessed here.