© Copyright NREP 2018 All rights reserved.
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 property is located adjacent to the main highway in Hämeenlinna, a logistics hub strategically located about half way between Helsinki and Tampere, reaching all the main centers in southern Finland in less than two hours.”This investment has the defensive risk/reward balance that we look for and is fully in line with NREP’s strategy to acquire efficient generic logistics buildings with low re-letting risk located in prime well-established logistics hubs or corridors, says Jani Nokkanen, partner at NREP.
“This investment re-enforces NREP’s position as the largest owner of modern logistics space in the Nordics with a portfolio of over 550.000 sqm. Leveraging NREP’s existing platform and tenant relationships, the Nordic Strategies Fund will continue to actively invest in this undersupplied segment of the Nordic market”, says Rickard S. Dahlberg, CIO at NREP.
NREP Nordic Strategies Fund is a strategy-driven value-add fund that, in addition to modern prime logistics assets, also invests in necessity anchored retail and residential real estate in large, established growing Nordic cities, replicating the strategies of prior NREP funds. The fund recently had a first closing of €148 million.
”With this transaction, the NREP Nordic Strategies Fund has had an excellent start and secured transactions for more than €110 million within one month of its first closing”, says Mikkel Bülow-Lehnsby, CEO at NREP.
The property is located adjacent to the main highway in Hämeenlinna, a logistics hub strategically located about half way between Helsinki and Tampere, reaching all the main centers in southern Finland in less than two hours.”This investment has the defensive risk/reward balance that we look for and is fully in line with NREP’s strategy to acquire efficient generic logistics buildings with low re-letting risk located in prime well-established logistics hubs or corridors, says Jani Nokkanen, partner at NREP.
“This investment re-enforces NREP’s position as the largest owner of modern logistics space in the Nordics with a portfolio of over 550.000 sqm. Leveraging NREP’s existing platform and tenant relationships, the Nordic Strategies Fund will continue to actively invest in this undersupplied segment of the Nordic market”, says Rickard S. Dahlberg, CIO at NREP.
NREP Nordic Strategies Fund is a strategy-driven value-add fund that, in addition to modern prime logistics assets, also invests in necessity anchored retail and residential real estate in large, established growing Nordic cities, replicating the strategies of prior NREP funds. The fund recently had a first closing of €148 million.
”With this transaction, the NREP Nordic Strategies Fund has had an excellent start and secured transactions for more than €110 million within one month of its first closing”, says Mikkel Bülow-Lehnsby, CEO at NREP.
The building is the first to be constructed in the extended logistics area västra Viared along the highway in the direction of Gothenburg and will meet all aspects of a top modern logistic property. The building will contain a warehouse and office areas and will be designed according to the requirements of GreenBuilding.
“At NREP we are delighted to announce that Aditro Logistics AB has chosen to expand their operation in Viared with us. Our extensive experience in real estate development within the segment logistics enables us to construct a high-quality building in a cost and time efficient manner. Hence, we managed to meet Aditro Logistics in an agreement which both parties are pleased with,” says Rickard S. Dahlberg.
“Aditro Logistics is in a very exciting and expansive phase during which we for some time have worked towards establishing a new logistics center in western Sweden where we can continue to grow with new and existing clients. NREP provides an efficient building in an attractive area that supports our and our clients’ expansion” says Matthias Kettelhoit, CEO Aditro Logistics.
The building is the first to be constructed in the extended logistics area västra Viared along the highway in the direction of Gothenburg and will meet all aspects of a top modern logistic property. The building will contain a warehouse and office areas and will be designed according to the requirements of GreenBuilding.
“At NREP we are delighted to announce that Aditro Logistics AB has chosen to expand their operation in Viared with us. Our extensive experience in real estate development within the segment logistics enables us to construct a high-quality building in a cost and time efficient manner. Hence, we managed to meet Aditro Logistics in an agreement which both parties are pleased with,” says Rickard S. Dahlberg.
“Aditro Logistics is in a very exciting and expansive phase during which we for some time have worked towards establishing a new logistics center in western Sweden where we can continue to grow with new and existing clients. NREP provides an efficient building in an attractive area that supports our and our clients’ expansion” says Matthias Kettelhoit, CEO Aditro Logistics.
The 22,500 sqm DC in Rosersberg was purchased from the Swedish real estate company Kilenkrysset. The property is located along the main approach road into the Rosersberg Logistics Park, adjacent to one of the NREP’s current logistics buildings. The area, will with the opening of the new motorway junction later this year, have excellent accessibility enabling for efficient distribution to greater Stockholm. The 11,500 sqm Eskilstuna DC transaction was a sale and lease back where the seller Boxon signed a long lease. The property is situated east of Eskilstuna with direct motorway access.
“We are delighted that we have been able to add two well situated assets with high technical specification to our greater Stockholm portfolio. The transactions place Nordic Real Estate Partners at the top of pan Nordic owners of prime logistics space with over 500,000 sqm across the Nordics”, says Rickard S. Dahlberg.
The portfolio purchased from DSV constitutes three cross dockings situated in Gothenburg, Jönköping andStockholm totalling 46,000 sqm on long leases. DSV has in conjunction with the transaction prolonged the lease with NREP in its 60,000 sqm Borås asset. The property purchased from Berlinovo is a very well situated 16,700 sqm distribution centre in the port of Gothenburg occupied by the Swedish Post. The 13,300 sqm cross docking purchased from the Saudi family office is located next to the E20/E18 motorway intersection in Örebro and is let to the Swedish Post. Finally a 10,000 sqm multi let distribution centre in Rosersberg North of Stockholm has been acquired from a fund managed by Schroders.
“We are delighted that we have been able to grow our Swedish logistics portfolio with six assets in very good locations each occupied by tenants that excel in their respective businesses. The transactions place Nordic Real Estate Partners at the top of pan Nordic owners of prime logistics space with close to 500,000 sqm across the Nordics”, says Rickard S. Dahlberg.
The logistics area of Greve, stretching from Ventrupvej in the north to Greve Main in the south, is viewed as one of the most attractive locations for companies with storage and logistics needs. Last year NLAB acquired a 19,000 sqm newly build logistics property in the northern part of the area. The site, now being acquired by NLAB from Bridana A/S, is one of the few remaining undeveloped sites in the area that can be used for logistics purposes.
”The acquisition of Ventrupparken 4 is the next step in our investment strategy making us able to offer our customers new built and modern premises on the best logistics locations in the Nordics”, says Investment Manager, Rune Kock, NREP Logistics AB, and adds: “Since our inception we have developed more than 150,000 sqm modern logistics space and we have ongoing construction projects in both Stockholm and Jönköping. Currently, we face an increasing demand for new and flexible properties in the Copenhagen area and with our construction concept we can offer competitive terms to prospective tenants”.
In Denmark, NLAB also work with the development of 60.000 sqm land in Skandinavisk Transportcenter in Køge, which was announced by the company in the end of 2011. Additionally, NLAB has invested in the logistics area in Høje-Tåstrup.
For a while, there has been very limited plots available at STC, however, with the municipal decision to mature another 500,000 sq.m. additional expansion options are now under way. Hence, NREP Logistics AB has decided to enter into a binding cooperation with STC in this new area.
”To NREP Logistics AB, the plan is to continue our strategy on developing modern and flexible logistics facilities that take into consideration our customers’ requests and demands for a green profile. We view STC as one of the region’s most well-located and promising business areas and we expect to have a long-term commitment in this area”, says Rune Kock, Investment Manager, NREP Logistics AB.
”At the moment, one sees a significant cluster formation and in my opinion, there is an additionally large synergy for those companies that choose to settle right here in Køge – not the least compared to the rapid development that Køge Havn and STC are going through right now”, adds Thomas Elm Kampmann, Managing Director, Skandinavisk Transport Center.
The agreement represents the second phase in the development of the approximately 75,000 sq m property Veddesta 2:88 in Järfälla North West of central Stockholm. The first phase was a development of a new 8.500 sqm hub and head quarter for UPS who took occupation of its building the last week of May. When the Dahl development is completed the site will be fully utilised.
“We are very pleased to have attracted one of the world’s leading players within construction material production and distribution, to our site in Veddesta. The agreement further strengthens the location and will be an important piece in completing the Veddesta Logistics Park. The location is a very attractive distribution hub with its excellent motorway accessibility and close proximity to central Stockholm”, says Rickard Svensson.
© Copyright NREP 2018 All rights reserved.