At the Vestby Logistics Park, south of Oslo, NREP Logicenters has now signed a lease agreement with Vinhuset, which is owned by NorgesGruppen. The object of the lease is the 17,800 m2 logistics facility Stormåsan 42.
Vinhuset expects to take up residence in September 2023.
It has been announced that Logicenters has signed a lease agreement with Vinhuset Vestby Logistics Park in the Oslo region. The long-term lease agreement is for 17,800 m2 in one of Logicenters’ newly developed properties in Vestby, Stormåsan 42. Vinhuset will lease the entire property, totalling 17,800 m2. The plot as a whole measures 27,000 m2.
Since 2018, NREP Logicenters has developed a total of 135,000 m2 of BTA logistics buildings in Vestby, spread across sites measuring 260,000 m2.
NREP Logicenters has leased out all its property in Vestby and is now on the lookout for new development opportunities in the region.The lease was signed just before the end of the year, but for the sake of employees and customers has not been made public until now. The property will be very well adapted to Vinhuset’s operations and equipped for future growth. The building will have a clear environmental profile, certified BREEAM Very Good. Solar cells will be installed on the roof and there will be a charging station for electric trucks and cars.
“We would like to thank NREP Logicenters for ensuring that everything ran smoothly up to the signing of the lease and we look forward to moving into an efficient new, modern building adapted to the future and our needs at the end of the summer. It was important to us to find a building with an excellent environmental profile with solar cells on the roof and the opportunity to charge electric trucks. The choice of Vestby as our location was a natural one as several of our partners are located in the area,” says Stig W Jørgensen, CEO at Vinhuset.
“NREP Logicenters is happy to be adding Vinhuset to our portfolio! Vinhuset and NorgesGruppen are companies with very similar values to NREP when it comes to sustainability. It was our ambition to achieve BREEAM Excellent, but that was not possible since there has been cultivated land on the site in the past. We are committed to connecting with solid growth companies and it is our strategy to be a growth partner for our tenants,” says Ruben Krantz Kringstad, Commercial Manager with responsibility for leasing and commissioning of new builds at NREP Logicenters.
Vestby Logistics Park is strategically located alongside the E6 motorway en route to Oslo. The area also has excellent transport links thanks to its proximity to the ports in Moss and Göteborg.
Logicenters’ existing tenants in Norway include Schibsted, HeltHjem Netthandel, New Wave Morgenlevering, Oda, Coop, Maske, Malomo 3PL, Foodbroker, Domstein, Barnas Hus, GPA, Movement, NTEX, Filetfabrikken, Andvord and Prime Cargo.
Logicenters continues growing in Norway. The logistics property operator has acquired a fully let distribution facility of 5,900 m2 in Drøbak, just south of Oslo, with a plan to further develop the property.
Last week Logicenters announced its expanding presence in Norway through the acquisition of a last mile property in Skytta, just north of Oslo’s city limits. The logistics property operator’s investment around the capital area continues as it has now acquired a fully let facility in Drøbak, in the south corridor to Oslo.
Logicenter’s new property, Holterkollveien 3, of 5,900 m2 is already fully let, but holds the possibility of further developing more logistics premises on the property. Logicenters plans to start development within the next two years.
“We at Logicenters are very pleased to be able to continue our investment in the Norwegian logistics market, where the Oslo region is the country’s primary starting point. The proximity to the southbound route to Sweden is a great fit for tenants with cross-border operations in Sweden,” says Matthias Kettelhoit, CEO at Logicenters.
The property is used as a food-distribution facility, currently let with the long-term tenant Foodbroker AS who is a part of DLVRY Group.
“Holterkollveien 3 is a great acquisition for our strategy in the Norwegian market. It is a high- quality property with development potential in an attractive location south of Oslo. We see high tenant demand for quality properties around Oslo and we hope that this will be one of many acquisitions in the region in the future“, says Jørgen Bråten Nordby, Investment Manager at Logicenters.
Logicenters continues growing their presence in Norway with a new acquisition. The logistics branch of the Nordic real estate investor NREP has recently acquired a logistics building in Skytta, slightly north of the Oslo city limit. The property is currently undergoing an extension and an upgrade and will upon completion in May 2023 have a total leasable area of 17 000 sqm.
Previously this year, NREP Logicenters acquired their first logistics property beyond the greater Oslo region as they acquired three properties at Løvåsmyra in the Mid-Norwegian city Trondheim. A month later, the company also closer their acquisition of the new ODA distribution center west of Oslo at Liertoppen. Now Logicenters has done another transaction in the Norwegian market, by acquiring a last-mile distribution center in the Oslo region, Brennavegen 20. The seller is a JV-setup between LED Eiendom AS and Furuholmen Eiendomsutvikling, who bought the property in early 2021, and are now extending the building with two new tenants.
Upon completion of the ongoing extension, the property will be 17 000 sqm, which is distributed between four different tenants. The existing building mass is let to Nittedal municipality and Andvord, whereas the new areas are let to the seafood players, Filetfabrikken and Domstein, who are expected to move in by May 2023.
” Logicenters are very pleased with the acquisition of a high quality last-mile property in the Oslo region. We have broad experience from investing in the Oslo region in the past, and we consider Brennavegen 20 to be a great fit for our portfolio which has increased focus on flexible “last mile” properties. The technical and property specific qualities of the building matches well with our requirements.” – Matthias Kettelhoit, CEO of Logicenters.
” This is an exiting and flexible property of high quality which is located right beyond the Oslo city limit. We have high appetite for high quality properties north of Oslo, and we hope this is one of many acquisitions in this region going forward. The acquisition of this property is an important part of our strategy for the Norwegian market.” – Jørgen Bråten Nordby, Investment Manager at NREP Logicenters.
Our initial business case has been realized. The property is now fully let and we will have a complete building shell by Christmas. It is therefore time to let a long term and industrial owner take over the reins, we congratulate Logicenters with the acquisition of an attractive property” says Morten Roland in LED Eiendom and Lars Halvorsen from Furuholmen Eiendomsutvikling
In the Vestby logistics park in the Oslo region, Logicenters has signed a lease agreement with Schibsted Norway. The long-term lease is for 30,500 m2, on Toveien 21, and is in the final stages of the property purchased by Ferd in 2021. Schibsted is expected to move in between March and June 2023.
It’s now a done deal that Logicenters has signed a lease agreement with Schibsted Norway in Vestby logistics park, south of Oslo. The long-term lease is for 30,500 m2 on one of Logicenters newly developed properties in Vestby, with the address Toveien 21, where Schibsted Norway will rent the entire building. This is one of the largest leases signed in 2021 in Norway that has now been announced.
The tenant will combine operations from several subisidiaries wholly or partly owned by the Schibsted Group. Schibsted Trykk is moving its operations from Nydalen to have a more efficient operation with HeltHjem Netthandel AS and Schibsted Distribusjon.
The property will –to a large extent be adapted to the customer’s needs.. The building will have a clear sustainability profile, certified BREEAM «very good». Logicenters are working on a large solar cell plant covering the entire roof and large parts of the facade.
”Logicenters is very happy and humble to be chosen to develop a modern printing and logistics facility for the Schibsted Group. HeltHjem is one of Norway’s fastest growing logistics companies and we are very proud to have Schibsted’s trust to develop this facility combining Helthjem with Schibsted Trykk and Schibsted Distribusjon. We are focusing to connect with growth companies and our strategy is to be a growth partner for our tenants, where Schibsted and Helthjem are no exception”, says Ruben Krantz Kringstad, Commercial Manager at Logicenters.
”We are happy to move in to a building prepared for the future with a clear green profile, in the heart of the Norwegian logistic center. The building creates opportunity for further expansion for Helthjem who’s fast growth under the last year has taken 15 procent of the the package market. In the same time Schibsted Trykk get an effective facility adapted for the future with much lower energy consumption”, says Harald Jacobsen, Head of Schibsted Norway.
Vestby is a strategic location close to Oslo and the E6 and has attractive proximity to the ports of Moss and Gothenburg.
Logicenter’s existing tenants in Norway include Oda.no, Coop, Maske, Malomo 3PL, Barnas Hus, GPA Flowsystem, Movement, NTEX and Prime Cargo.
Ruben Krantz from Logicenters can be available for an interview upon request.
The logistics property company is continuing to expand its presence in Norway. Logicenters has now announced that it has acquired a 70,000 m2 site from Skolt. Construction is expected to begin in the first quarter of 2023 and the entire developed logistics park is scheduled for completion in 2025.
Logicenters has acquired a site on speculation in Moss, Norway. During the first quarter of 2022, Logicenters will start preparing the land, which is expected to be ready for construction in the fourth quarter of 2022. To begin with, a building will be constructed on the site which will later become part of a developed logistics park. Construction of the planned property will begin in the first quarter of 2023. The entire logistics park is scheduled to be fully developed during 2025.
The logistics property company is in dialogue with several exciting companies, for whom Logicenters wants to develop facilities at the new logistics park in Moss.
“We are delighted to have secured this site in Moss. The area has seen strong growth in recent years and we can see that development in Moss is off to a good start. With tenants in the area such as Greencarrier, Europris, HelloFresh, Onna Greens, Altus Logisitics, Etac and Rockwoll, Moss logistics park has been on the map for major logistics companies for some time. Moss also has a good supply of labour, which we are finding is becoming increasingly important to logistics companies. The park is also located right next to the port of Moss and its dry dock. So there are great opportunities to move goods in and out of the country easily using containers and ships that are more environmentally friendly than heavy transport. Our ambition is to develop a state-of-the-art property with a strong focus on the environment, sustainability and energy efficiency. We are currently looking for major tenants who focus on the same factors as us. We would like to thank Skolt for a smooth process and look forward to further cooperation in the preparation of the park,” says Ruben Krantz, Commercial Manager at Logicenters.
The logistics park in Moss is strategically located close to Oslo, Moss Airport and Rygge.
“I would like to thank Logicenters for a very professional and smooth process. I look forward to continued great collaboration in the future,” says Karsten F. Hansen, CEO at Skolt.
Logicenters continues to invest heavily in the Oslo region. The logistics property company is set to acquire one of the most modern logistics facilities in the Nordic region, with an area of approximately 18,500 m2. The tenant is ODA, formerly Kolonial.no, Norway’s leading provider of online grocery delivery. Logicenters is scheduled to take possession in the first quarter of 2022, which is also when ODA will move in.
Logicenters is continuing to strengthen its position as one of the Nordic region’s leading providers of modern logistics facilities with the acquisition of another property in the Oslo region. The tenant, ODA, previously branded as Kolonial.no, is Norway’s largest and leading provider of online grocery delivery. The property is located at Drammensveien 189 in the municipality of Lier and is an ultra-modern facility of approximately 18,500 m2 divided across two floors.
“Logicenters is very happy for acquiring a sustainable and state-of-the-art facility for last-mile distribution, which is also leased to one of the Nordic region’s fastest growing companies. ODA has a clear focus on technology and sustainability, two factors that are in line with our ambition to provide our tenants with the logistics facilities of tomorrow. They also value efficient logistics solutions from producer to end customer, something we are confident we can provide with our new and future-proof facility. We look forward to a long and successful collaboration”, says Matthias Kettelhoit, Head of Logicenters.
The new facility also has a clear sustainability profile, including a solar panel installation expected to generate approximately 1.1 GWh of renewable electricity per year. The property is also located in a geographically strategic location in the region, something which Logicenters values highly when acquiring or developing properties.
“The Oslo region is an important location for us, given the area’s great position, high population density and growth. The new facility is located alongside the E18 motorway, 30 km outside the Oslo city centre. As ODA focuses heavily on efficient last-mile distribution, the geographical position of the distribution centre is ideal for fast and efficient deliveries to consumers”, says Ruben Krantz Kringstad, Commercial Manager at Logicenters.
The facility is ODA’s second distribution centre in eastern Norway and is designed for a high turnover of goods and to meet the requirements for efficient delivery to customers in the region.
“The fact that we are now establishing a new warehouse in the Oslo region is very inspiring. We are pleased that Logicenters, which focuses on development and long-term ownership of logistics properties, will be the new owner of our facility when Eneo Eiendom has completed the development. We look forward to a good collaboration in the future”, says founder and CEO Karl Alveng Munthe-Kaas at ODA.
The property is being acquired from a number of shareholders and the deal has been led by Eneo Eiendom, which is the project manager for the development and sale of the facility.
“It has been a very exciting process and ODA is an ambitious company that has set high standards for how the property should be designed and adapted to optimise its operations. We believe that Logicenters is a perfect partner for ODA and we look forward to handing over the property in March 2022”, says Morten Hotvedt, CEO at Eneo Eiendom.
Logistics property company Logicenters is expanding its presence at Vestby logistics park through both acquisitions and new developments. Over the next few years, Logicenters expects to increase its property holdings to more than 140,000 m2 in the area, which will become an important logistics hub in Norway. The company has also recently signed agreements with several tenants at the park.
Logicenters is significantly expanding its presence at Vestby logistics park in the Oslo region. In the last year the company has acquired two sites, 100,000 m2 at Toveien 21 and 27,500 m2 at Stormåsan 42. A total of 87,500 m2 of property is currently under development in the mentioned sites. In addition, Logicenters is also in the final stages of developing a 12,000 m2 facility at Torvuttaket 22.
Logicenters’ tenants in Vestby include Prime Cargo, Barnas Hus and HeltHjem Nethandel AS. The latter is one of Norway’s fastest growing companies within packaging and online trade distribution and will lease part of Logicenters’ property at Torvuttaket 26 from June 2021. A lease has also been signed with an international freight company at Toveien 21.
“We are very confident that Vestby will become an even more important hub for imports, exports and e-commerce in Norway in the future. The area’s close proximity to the E6 motorway and its transport links as well as ports in Moss and Gothenburg are just some of the reasons why more and more companies will choose to establish a base here. And with HeltHjem Nethandel soon moving in, we also believe that there will be opportunities for increased synergies with other e-commerce companies who choose Vestby”, says Ruben Krantz, Commercial Manager at Logicenters.
As one of the industry’s leading developers and the owner of modern logistics properties, Logicenters has great ambitions to bring about a sustainable transformation of the industry. As well as the option of installing solar panels on the roof, Logicenters has also decided to environmentally certify the new facilities in Vestby in accordance with BREEAM Very Good.
“We are striving to be a leader in the industry when it comes to the environment and sustainability. In collaboration with NREP, we continuously review the opportunities for working towards more sustainable construction while future-proofing our properties with renewable energy. It is also gratifying to see that our tenants share our sustainability ambitions”, says Matthias Kettelhoit, Head of Logicenters.
Logicenters is also currently in talks with several companies regarding the leasing of the remaining logistics spaces currently under development.
NREP Logicenters continues to strengthen its position in the Oslo region with a record-breaking acquisition of one of the Nordic region’s most sophisticated distribution centers. The acquired property is a 27-metre high-quality property measuring 84,800 m2 let to the grocery retailer Coop.
The logistics property company Logicenters continues to establish and consolidate their presence in strategic logistics hubs in Norway. Right beside Oslo Airport, Logicenters has acquired a first-class 84,800 m2 logistics facility from Møller Eiendom and Stokke Industri. Norway’s second largest grocery chain, Coop, is the long-term tenant of the property. There is an opportunity to expand the facility further, and Logicenters is looking forward to explore development of the property together with Coop.
“I am very proud to announce the off-market acquisition of this first-class logistics facility at one of Norway’s most attractive logistics hubs. It is in line with our long-term strategy to acquire properties of this particular quality. It is not a coincidence that the two largest logistics facilities in our property portfolio, this one and one in Bålsta, will be used by companies in the grocery segment. This is an industry which is less affected by market cycles than other industries as there will always be a demand for food,” says Matthias Kettelhoit, Head of Logicenters.
The property is fully automated and has refrigerated, freezer and temperate warehouse sections, enabling the tenant to handle large volumes of goods. In line with Logicenters’ sustainability and energy efficiency strategy, there is an opportunity to install solar panels on the property, both on the roof and on the facades.
“As one of the Nordic region’s leading real estate investors, we are always striving to intensify our presence at strategic locations around the region – and this is exactly what we have done here. This acquisition is the single largest investment we have made in logistics and it is also the latest addition in our ambition to further expand NREP’s presence in Norway. We would like to thank Møller Eiendom and Stokke Industri for their excellent collaboration. We look forward to continuing our partnership with Coop at this property,” says Jens Petter Hagen, Partner at NREP Norway.
CBRE has acted as commercial advisor for NREP Logicenters in this transaction, while Wikborg Rein has acted as legal advisor.
The partnership between Møller Eiendom and Stokke Industri has owned and developed the property since it was finalized in 2015. The investment was done with a five-year perspective.
“We are very pleased to have reached an agreement with NREP. Their focus on development of modern logistics properties and long-term ownership is a good match for both the property and the tenant,”, says Thomas Sletten, Chief Investment Officer at Møller Eiendom.
Pangea Property Partners has been exclusive sell-side advisor for Møller and Stokke. The law firm Thommessen has also advised the sellers in the transaction.
Logicenters is now scaling up and expanding its presence in Vestby, Norway, with a new land acquisition in the area totalling 27,000 m². The logistics property player is then expected to develop a logistics facility of approximately 13,500 m² at the newly acquired site, which is centrally located in Vestby Business Park.
Logicenters is continuing to consolidate and expand its presence at strategic logistics hubs in the Nordic region. It has now acquired additional land at Stormåsen 42, in Vestby, just south of Oslo, Norway. It is expected that up to 70 percent of the 27,000 m² site will be built on as part of Logicenters’ investment in the further strengthening of its presence in Vestby.
“For Logicenters, not only is it important to establish ourselves in geographically strategic logistics hubs, but also to continue to strengthen our presence in these areas. This is precisely what we are currently doing with this land acquisition. Vestby is ideally suited for logistics and its close proximity to Oslo makes it very attractive to many companies. We are very much looking forward to being able to develop further high-quality logistics facilities in the area,” says Jens Petter Hagen, partner at NREP Norway.
Vestby is located in Oslo’s southern logistics corridor close to the E6 motorway and close to Oslo itself. Logicenters already has a presence in the area with a modern logistics property measuring 44,049 m², as well as the ongoing development of a 12,000 m² property which is scheduled for completion in early 2021.
Motek AS has become a new tenant in Logicenters’ property at Fjellbovegen 9 in the attractive Berger area of Oslo. Moving in is scheduled to begin in early 2020 and the company will lease an area of 12,571 m2.
Logicenters has signed a lease agreement with Motek AS. The contract covers an area of approximately 12,571 m2, which means that the property is now fully let. The logistics facility is located on Fjellbovegen 9 in Berger, outside Oslo. The previous tenant was Bertel O Steen which had the opportunity to move out before its contract expires in April 2020. Motek AS will move in during the first part of 2020 and will lease all parts of the property.
“It feels great to announce that we have signed an agreement with Motek AS, which will be the new tenant at Fjellbovegen 9. Following planned tenant improvements on the property at the end of 2019, we look forward to Motek AS moving in at the beginning of 2020. Berger is an area attractive to tenants and Logicenters has focused on finding a tenant able to lease the entire property, something we have now succeeded in doing,” says Jørgen Bråten Nordby, Commercial Manager, Logicenters Norway.
The property is ideally situated at Fjellbovegen 9. Of a very high standard, it has a spacious loading yard including 18 loading docks. Berger is considered to be the most attractive logistics location along Oslo’s northern logistics corridor. Logicenters’ property is located in close proximity to the E6 motorway, which extends from Oslo to Gardemoen airport and further into Norway. Its proximity to the Alnabru terminal, which is Oslo’s main terminal for cargo handling and transport, increases the attractiveness of the area even more.
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