© Copyright NREP 2019 All rights reserved.
Logicenters and Axfood’s purchasing and logistics company Dagab have now signed a contract for the development and leasing of a logistics facility of just over 100,000 m2 in Bålsta. Dagab will become a long-term tenant at the facility, which will be one of the largest in Europe. The property will be 30 metres tall, have environmental certification and comply with modern specifications such as a high degree of automation and several temperature zones.
In March 2019, Logicenters signed a memorandum of understanding with Dagab, Axfood’s purchasing and logistics company, for the development and leasing of a logistics facility in Bålsta. The parties have now signed an agreement which goes beyond development to represent Logicenters’ largest lease in Sweden.
“This is a major development project where Logicenters is expanding its property portfolio with a large, modern and environmentally certified facility beyond the ordinary. We are very proud of the confidence Axfood is placing in us and the development of a facility in a prime position which will enable it to expand its operations. We have a successful collaboration with Dagab and look forward to a rewarding and long-term relationship,” says Matthias Kettelhoit, Commercial Head at Logicenters.
The logistics facility, with a capacity of around 100,000 m2, is one of Europe’s largest and most modern food distribution centres for both retail and e-commerce. The property will have a unique height of 30 metres and a high degree of automation which will ensure that the chilled, refrigerated and temperate zones are maintained. In line with Logicenters’ strategy regarding sustainability and energy efficiency, the facility will have a high level of environmental certification and there is also a plan to incorporate solar cells on the roof.
The property is strategically located at Håbo Lundby 2:8 outside Bålsta, northwest of Stockholm. The proximity to the E18 and Stockholm makes this an attractive location. In addition, railway sidings run all the way into the site, which will facilitate the future transport infrastructure. The logistics facility will enter into operation in 2023 and will also mean many job opportunities.
“We are very pleased that we are now one step closer to the start of construction on our highly automated logistics centre. This new logistics solution will enable us to become both more efficient and more flexible when it comes to future developments in the grocery trade. Being able to stock a wider range of products in the new facility will enable us to deliver faster and more sustainably, strengthening our offers to customers,” says Nicholas Pettersson, CEO of Dagab.
Real Advokatbyrå has provided Logicenters with legal consultation regarding the deal.
Nordic real estate investment company NREP and Logicenters will build the world’s first deep geothermal well with seasonal storage capability in Espoo in cooperation with the energy industry start-up QHeat. The project pilots a new, nearly emission-free energy solution for large real estate, producing as much as 40 times the heat energy of traditional geothermal heating.
The deep geothermal well developed by QHeat is a medium-depth geothermal well drilled to the depth of approximately two kilometres and can heat and cool large real estate areas or regional grids with near-zero emissions. The solution enables emission-free geothermal heating in growing urban areas, as well, as it is well suited to dense housing areas and groundwater areas. The pilot is carried out at the NREP Logicenters’ logistics property in Espoo, and it is estimated to reduce the property’s CO2 emissions by as much as 90 per cent. The project is set to be completed by the end of November.
“By piloting new solutions, such as QHeat’s deep geothermal heat, and by scaling them into wider operating models, we are actively introducing new ways to reduce the environmental impacts of real estate in the industry. We are also continuously exploring possibilities to improve energy efficiency and increase the use of renewable energy in our properties. We are committed to reducing the climate emissions of real estate and to promoting energy efficiency, because real estate and construction produce approximately a third of Finland’s carbon footprint,” says Jani Nokkanen, partner at NREP.
Finland’s goal is to reduce emissions by at least 39 per cent from the 2005 level by the year 2030. With deep geothermal heat, emissions from real estate heating can be reduced by as much as 95 per cent compared to fossil fuels. If solutions such as deep geothermal heat can be scaled to even 5 per cent of Finland’s real estate stock, it would mean a reduction of half a million metric tonnes of CO2 emissions per year, or four per cent of Finland’s emission target, according to QHeat’s calculations.
“A clean future lies beneath our feet. With deep geothermal heat, we can make good use of the warm summer months, because during the summer, we can store waste energy from cooling into the ground and then use it for heating in the winter. Deep geothermal energy has significant export potential as a solution that can mitigate climate change by reducing the emissions from heating and cooling on a global scale,” says Miska Eriksson, CEO of QHeat.
Qheat’s deep geothermal heat technology is patented and has been tested in cooperation with Finnish experts and universities. The project has received funding from Business Finland as part of the Smart Otaniemi initiative.
Since May 2018, Logicenters has been developing a new logistics facility just outside Copenhagen. At the time development began, a lease was also signed with Havi Logistics, which have moved into 4,500 m2 leaving 8,900 m2 available for another tenant.
Logicenters’ new logistics facility at Vejleåvej 11 in the industrial district of Winthersminde outside Copenhagen has now been completed. A lease was signed with Havi Logistics back in May 2018 when the development was beginning. The lease is for a logistics area of 4,500 m2 and comprises freezer, refrigerated and traditional storage. Havi Logistics has moved into the property, which has a total area of 13,400 m2. This means that there is still 8,900 m2 of modern high ceiling logistics space available for a new tenant.
“We have cooperated closely with Havi Logistics throughout the development process to ensure that its needs have beenfully met. At the same time, we have succeeded in constructing a generic facility complying with modern specifications so that the facility can also be adapted for tenants wishing to move into the remaining 8,900 m2. It is a strategic position for us to develop a state-of-the-art facility and the property is part of our investment in increasing our presence in the Copenhagen area,” says Mikael Sahlin Olesen, Asset Manager at Logicenters.
Logicenters has signed a new agreement with Skanska concerning the development and acquisition of a new property in Helsingborg. A modern logistics facility of 30,150 m2 is to be constructed with completion scheduled for the first quarter of 2020. The tenant PostNord TPL will also move in at this time.
An agreement has now been signed between Logicenters and Skanska concerning a 30,150 m2 logistics facility in Helsingborg. Development is being undertaken by Skanska and the property will be acquired by Logicenters. The property is scheduled to be completed in February 2020 and will have future-proof specifications to ensure it meets PostNord TPL’s operational requirements.
With an excellent location, the logistics facility is located in the well-established industrial district in Södra Väla in Helsingborg. With proximity to the E4 and E20 motorways as well as Sweden’s second largest container port, the property is located at a strategically important regional hub.
“Helsingborg is one of Sweden’s most important locations in terms of logistics. We are now proud to further strengthen our presence in southern Sweden with the long-term ownership of this property. The facility fits well with our strategy of offering properties in optimum locations as well as with modern specifications,” says Matthias Kettelhoit, Commercial Head, Logicenters.
“We are delighted to be able to expand our cooperation with Logicenters. We have enjoyed good experiences with Logicenters for some time now, as we have together developed more than 50,000 m2 of space at other locations in the country,” says Henrik Ahnström, Head of Project Development, Skanska Fastigheter Göteborg AB.
Logicenters is expanding at a greater rate than ever before. With a total of nine logistics facilities under development, the company is strengthening its position in the Nordic market significantly. The total area currently being developed by Logicenters amounts to a total of 227,000 m2, with several LOIs also having been signed.
Logicenters is a leading developer and owner of modern logistics facilities in the Nordic region. In August 2018, the total holding of logistics space amounted to 1.6 million m2. This figure continues to rise and Logicenters currently has nine ongoing development projects totalling 227,000 m2. Of these, six are in Sweden, two in Denmark and one in Finland. In addition, LOIs have been signed for an additional 210,000 m2, including a 110,000 m2 facility for Axfood in Bålsta, Sweden.
“I am incredibly proud of Logicenters’ success. It is thanks to a strong team and a unique operational flexibility that we have been able to grow at the pace we have. This current expansion is enabling us to increase our presence in important logistics hubs and a natural consequence of this is that we need further reinforcement of the team. We are now looking for project developers for several of our development projects,”says Matthias Kettelhoit, Commercial Head at Logicenters.
A sustainable focus
Sustainability is one facet of today’s Logicenters development projects. Energy-efficient solutions and solar panels on roofs are examples of recurring specifications in the construction of new properties. According to Logicenters’ Head of Development, Eva Sterner, the sustainability strategy is an important success factor.
“Reducing our carbon footprint to the greatest possible extent is of the utmost priority to us. Our sustainability strategy integrated in the logistics portfolio enables us to help our customers reach their climate goals, something that we know is appreciated. The great interest in our facilities is a confirmation that we maintain a high standard of development and we will continue to work to meet the functional and sustainable logistics needs of tomorrow,” says Eva Sterner, Head of Development at Logicenters.
Logicenters has now completed the further development of two existing facilities in Vantaa, Finland. The properties, with a total area of 22,000 m2, have been renovated both internally and externally in order to reduce CO2 emissions and meet the logistics needs of tomorrow. This modernisation has included new loading docks, an updated ventilation system aswell as the imminent installation of solar panels on the roof.
In May 2018, Logicenters began the further development of two properties on the samesite in Vantaa, Finland. The logistics facilities were modernised in order to meet the functional and sustainable logistics needs of tomorrow. The renovation of the properties, totalling 22,000 m2, has now been completed.
The properties have been equipped with new loading docks with modern specifications and the lighting has been replaced with energy-efficient LEDs. The surface layer of the walls has been renovated and the ventilation system updated. Solar panels will also be installed on the roof this summer.
“The facilities now comply with the market standards regarding sustainability, which makes us very proud. Energy efficiency has been a key word during this development, during which significant resources have been invested in reducing the properties’ environmental footprint. Logicenters has a clear strategy on sustainability and I am pleased that our property portfolio has become even more modern in connection with this project,” says Jarkko Äikää, Commercial Director, Logicenters in Finland.
The facilities are located at Manttaalitie 5–7, a strategically important location, in close proximity to the international airport, Helsinki and the E18 highway. The two properties house eight tenants, including Bufab Finland Oy, AB ME Group Oy Ltd and Logitri Oy.
The construction of a new Logicenters property in Arlandastad being developed together with Skanska commenced yesterday. The facility is scheduled to be available to the tenant Veddestagruppen during the second quarter of 2020.
Logicentersis breaking ground on the project in Arlandastad near Stockholm. A 25,000 m2 logistics facility will be developed with modern specifications adapted for the operations of the tenant Veddestagruppen. The development is being undertaken by Skanska, while Logicenters remains the owner.
“Arlandastad is an extremely good logistics location with close proximity to the international airport, theE18 and E4 motorways and Stockholm. That is why we have now invested in two facilities here. We are pleased to be able to offer Veddestagruppen a modern facility in a prime location and look forward to a continued long and successful collaboration,” says Matthias Kettelhoit, Commercial Head at Logicenters.
The new facility will accommodate all four of Veddestagruppen’s subsidiaries – Veddesta Distribution, Veddesta Transport, Multi Logistik and Bemanningsstrykan. This will enable the group to increase its warehousing capacity by up to 50 percent.
Yesterday marked the start of the construction of Logicenters’ new property in Greve, Denmark. The cross-docking facility is scheduled for tenant hand-over in 2020.
Logicenters has now broken ground on a new construction in Greve, a suburb to Copenhagen. The development is one of the first modern cross-docking facilities of its type; an added height of the building will enable two-story sorting and a 2,000 m2 mezzanine level will be fitted out as offices, future proofing the property for the long term.
”Logicenters strives to always be at the forefront of this type of property development and the facility’s specifications display the characteristics of a modern logistics facility. We are proud to be building a cross-docking facility that will reflect the logistics of tomorrow, especially in an important hub such as Greve”, says Matthias Kettelhoit, Commercial Head at Logicenters.
The facility will have a clear environmental profile and will be equipped with solar panels on the roof. Also, the safety of the employees is highly prioritised with the construction of a footbridge leading people from the car park to the mezzanine offices while avoiding any pedestrians passing the lorry terminals. The tenant, Bring Danmark, will be leasing the majority of the facility.
2019 will be a year of expansion for Logicenters. Three key positions are now being added in order to support the growth of the organisation. Simon Campbell, Richard Drougge and Victoria Ödmark will be taking on these new positions at Logicenters.
Logicenters is growing in terms of both real estate holdings as well as organisationally. In the coming years, the company will continue to strengthen its position as a leading developer and owner of modern logistics facilities in the Nordic region. In order to support growth and meet the needs of tomorrow, Logicenters is strengthening its workforce with the addition of three new recruits within property development, finance and business development.
“We have recruited three people to Logicenters, all of whom will have a significant role to play. They all possess skills that we need, and I am delighted that they have chosen to join us. By offering new perspectives and experiences, our latest recruits will help us to continue growing and to maintain our competitiveness in the market,” says Matthias Kettelhoit, Commercial Head at Logicenters.
Simon Campbell is joining the Project Development team as Project Manager. In his role, he will manage new construction projects, with key client focus. His recruitment became necessary due to Logicenters’ many ongoing and planned development projects. Campbell has 12 years of experience from managing production services within Skanska, most recently as project manager.
Richard Drougge has been recruited as Fund Controller with a focus on financing issues, investor reporting and transactions. This recruitment is another step for Logicenters to support growth and meet investors’ reporting requirements. Drougge has many years of experience in the industry, with his most recent role being project leader for property transactions at PwC.
Victoria Ödmark has been appointed as Business and Asset Manager. She will primarily focus on the development of Logicenters’ business and will be responsible for managing key accounts. Ödmark has worked in NREP for the past two years, most recently with responsibility for the expansion of Pelican Self Storage. Prior to this, she worked for five years as a transaction consultant at the consulting firms Newsec and Savills.
Logicenters has signed a letter of intent with Axfood regarding the development and leasing of a logistics facility in Bålsta. The future logistics facility will be one of the largest and most modern in Europe for the distribution of food for both shops and e-commerce.
Logicenters has now signed a LOI with Axfood. This refers to the development of a logistics facility in Bålsta which is to beleased to Dagab, a purchasing and logistics company within the Axfood Group. The facility will be just over 100,000 m2 in size and will have modern specifications. Logicenters will develop the logistics facility.
“Developing a facility with an area equivalent to 14 football pitches will be a major project for us. We are very proud that Axfood has chosen to work with us and the letter of intent further proves that our offer is competitive,” says Matthias Kettelhoit, Commercial Head at Logicenters.
The site is strategically located at Håbo Lundby 2:8, just north of Stockholm. This is an attractive location, with close proximity to the international airport, the E18 motorway and the city of Stockholm. In addition, railway sidings run all the way into the site, which will facilitate the future transport infrastructure.
The logistics facility will be one of the largest and most modern in Europe for the distribution of food for both retail and e-commerce. Standing thirty metres tall, the facility will accommodate refrigerated and freezer storage and will have environmental certification, something that is in line with Logicenters’ strategy on sustainability and energy efficiency. The logistics facility will be fully operational in 2023 and will handle both deliveries and order picking for both Axfood’s retail stores and e-commerce customers. The establishment will also create many job opportunities.
“With a joint highly automated logistics centre – for all temperature zones – we will be both more efficient and more flexible in addressing the future development in the food retail industry. This will also strengthen our customer offering, as we will be able to keep an expanded assortment in stock and fulfil orders faster and more sustainably,” says Nicholas Pettersson, President of Dagab, Axfood’s purchasing and logistics company.
© Copyright NREP 2019 All rights reserved.