© Copyright NREP 2020 All rights reserved.
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.
Logicenters is now scaling up and preparing for further expansion at the Brunna Logistics Park. By acquiring 52,000 m2 of land, the logistics property company is strengthening its presence at the logistics park. The land acquisition will enable speculative construction of a new facility to begin in the latter part of 2020. The logistics facility is being built on speculation but will be able to accommodate and adapt to a number of tenants.
Logicenters is continuing to establish and consolidate its presence at strategic logistics hubs. This time it is through the acquisition of land in Brunna, north of Stockholm. The acquisition totals 52,000 m² in Brunna Logistics Park. Its proximity to Stockholm and to Arlanda Airport makes the area an excellent geographical hub for logistics. In addition, the new site is optimally located as it offers large and visible signage opportunities along the busy E18 motorway for the facility to be built on this land.
“This is precisely the type of investment that Logicenters should be making, which is why I am delighted that a major land acquisition has now been completed. Offering geographical advantages, Brunna Logistics Park is the perfect location for companies wanting to operate with modern logistics. This ensures our expansion in the area and we are looking forward to planning out a new modern facility which will be able to accommodate several tenants with differing requirements,” says Matthias Kettelhoit, Head of Logicenters.
As a result of this land acquisition, Logicenters is expanding its presence at the Brunna Logistics Park and now owns a total area of 148,115 m². The logistics property company has had a presence in the well-established logistics park since 2017. Once this facility is completed, Logicenters will have around 100,715 m² of leasable space. Its properties in the area already house companies such as Zalando, Systembolaget, Bythjul.com and Autoglas.
It is not yet clear who the tenants will be in the new facility.
Eight thousand tonnes of steel. This is the quantity of steel that Logicenters has now ordered from Ruukki Building Systems Oy for the continued development of what will become one of Europe’s largest logistics facilities in Bålsta. The building will be around 125,000 m2 in area and is being developed for tenant Dagab. The scope of delivery comprises steel frame, façades and partition walls among other parts.
The development of Logicenters’ 125,000 m2 facility in Bålsta, just outside Stockholm, is in full swing. The next phase of the development is now beginning, with Logicenters having signed a contract with Ruukki Building Systems Oy regarding the supply of steel for the property. The delivery comprises the steel frame, façades, partition walls, roof and doors, totalling more than 8000 tonnes of steel. This means that more steel will be used in the logistics facility than was used to build the Eiffel Tower.
“It is great that the development of our facility in Bålsta is on track. It was not easy finding a company able to deliver the amount of steel required for our facility in accordance with our tight schedule. It is therefore gratifying to have now begun a collaboration with Ruukki Building Systems Oy which meets our high standards in terms of both quantity and quality of deliveries,” says Eva Sterner, Head of Development at Logicenters.
The groundworks and casting of the concrete foundations are currently under way. During the summer, work will begin on the frame and façades – which is also when it will be possible to get a sense of the vastness of this large-scale facility.
“At Ruukki, we are proud to be part of Logicenters’ ambitious logistics development. Like Logicenters, we believe in a sustainable approach to what we do and therefore take care to ensure that the products we are now producing for the facility meet the high standards required. The fact that the collaboration is for such a large amount is, of course, also a feather in our cap,” says Magnus Thelm at Ruukki Building Systems Oy.
The web-based menswear store Care of Carl has now signed a lease with Logicenters. It will make the move to Logicenters’ facility in Viared, just outside Borås, in October 2020. Care of Carl will lease approximately 12,000 m2, equivalent to half of the facility’s capacity. This means that the remaining half of the property will be available for other tenants with the opportunity to move in during the autumn of 2020.
Borås-based company Care of Carl is to become a new tenant at the Logicenters facility in Viared. It is scheduled to move into the modern property, built in 2012, in October 2020. The building has technical specifications optimised for modern logistics operations and will be further adapted to the new tenant’s requirements. Of the almost 24,000 m² property, Care of Carl is leasing around 12,000 m², with half of the property’s floor area remaining available to other tenants.
“We are delighted to welcome Care of Carl to its new logistics property in Viared. It will move into a modern facility with all the specifications required to operate effective logistics. In addition, the property is located in one of Sweden’s best logistics sites. Care of Carl is an exciting company in the rapidly growing e-commerce sector and we hope that it will be very successful at its new property,” says Matthias Kettelhoit, Head of Logicenters.
The property is located in a very visible site along the R40 main road. Its proximity to both Gothenburg and Jönköping means that the area is ranked as Sweden’s primary logistics area. The vicinity to Landvetter Airport also makes it very attractive to logistics companies.
“We are really looking forward to moving into our new logistics and office facility this autumn. The additional storage space will support our continued expansion while also enabling us to streamline internal processes. Being able to keep the warehouse in Borås, as both a strategic location and the company’s hometown, was a requirement for us and we are very pleased that we have succeeded in this. We are looking forward to working with Logicenters, a major player in the provision of logistics properties, with a strong base in the Borås region and a clear understanding of the needs of rapidly growing companies,” concludes Henning Källqvist, CEO and founder of Care of Carl.
Consultants Savills supported both parties in the negotiations.
“We are delighted that the deal with Care of Carl is completed. We are pleased to have contributed to this excellent solution for both parties,” says Rikard Lindkvist, head of Savills’ logistics team in Sweden.
Logicenters is taking steps to strengthen its Swedish team by recruiting a logistics profile to support its future growth. The logistics property company has welcomed Fredrik Nygren in the role of Commercial Manager for Logicenters in Sweden. Nygren has substantial experience in the logistics industry, most recently having worked as a Branch Manager at Schenker.
Logicenters is very ambitious and is expanding both in Sweden and the other Nordic countries. In order to support future growth and as part of its continued investment, the logistics property company has recruited a commercial manager for Logicenters in Sweden, Fredrik Nygren, who will be responsible for the continued business development in Sweden.
“Fredrik has many years of experience in the industry and a proven ability to understand customer needs. Logicenters is undergoing a strong growth phase and I am convinced that together we will achieve our high expectations for the further development of our business. I would like to wish Fredrik a warm welcome to our team and I look forward to working together,” says Matthias Kettelhoit, Head of Logicenters.
Fredrik Nygren has in-depth experience in the logistics industry, having worked for several prominent logistics companies in recent decades. His previous position was as a Branch Manager at Schenker. Prior to that, he held senior roles as Sales & Business Development Manager at LGT Logistics as well as Sales & Commercial Manager at Aditro Logistics. Fredrik Nygren will now become a key person in the Logicenters team.
“Joining such a successful and leading company as Logicenters is something I am very proud and happy about. I look forward to working with my new team to further develop the business,” says Fredrik Nygren.
Logicenters is continuing to strengthen its presence at strategic logistics hubs in the Nordic region. The logistics property company will develop a 12,000 m2 logistics facility in Vestby, Norway. The first tenant, BH Nordic AS, has already signed a lease of 5,800 m2 of the property. The development will begin in March 2020 and the property is scheduled for completion by February 2021. 6,200 m2 will become available for additional tenants.
Logicenters is about to begin developing a property at Torvuttaket 22 in Vestby, just south of Oslo in Norway. The property will have a lettable area of 12,000 m2 and is scheduled for completion in February 2021. The building will be developed in line with Logicenters’ clear focus on sustainability. The property will also be BREEAM certified, which is an environmental certification that places strict requirements on the property’s sustainability performance. There will also be an option to install solar panels on the roof of the property, aiming to provide tenants with green electricity without increasing total cost for the tenants.
The first tenant to sign a lease at the new property is BH Nordic AS, better known as Barnas Hus, a specialist within children and baby products. BH Nordic AS and Logicenters have signed a lease for approximately 5,800 m2 of the property. The remaining 6,200 m2 will be available for additional tenants, as the property is prepared as a multi tenant property.
“We are delighted to offer BH Nordic a new warehouse in Vestby. It is a company that, in our experience, has a serious environmental focus and priorities high quality working environment for its employees, which is reflected in the layout of the new premises and has contributed to develop good solutions. The remaining 6,200 sqm will represent flexible lease structures for tenants with respect to size and contract terms. Vestby is a geographically strategic logistics hub in close proximity to Oslo and we are happy to be able to further strengthen our presence in the area,” says Jørgen Bråten Nordby, Commercial Manager, Logicenters Norway.
“We at BH Nordic and Barnas Hus are very pleased with our new and efficient premises in Vestby. Barnas Hus is Norway’s leading specialist shop for equipment and clothing for babies and children and we will use this logistics centre to further develop our rapidly growing online store and to serve our 25 physical stores with excellent products. BH Nordic and Barnas Hus engage in sustainability, we are Eco-Lighthouse certified, and the new BREEAM certified building represents one of our initiatives within this field. We are looking forward to relocating to Vestby and the entire organization is also looking forward to using efficient and environmentally friendly premises. This property will be perfect for us,” says William Skaar, Finance and IT Director at BH Nordic AS.
After a long period of collaboration, both Menigo Foodservice AB in Strängnäs and Dustin AB i Rosersberg have reconfirmed their trust in Logicenters as a landlord. New leases have been signed for periods of seven and ten years, respectively. During 2020, Logicenters will further develop the properties to meet the tenants’ needs.
After several years of cooperation, Menigo Foodservice AB and Dustin AB have chosen to renew their leases with Logicenters. Menigo has signed a seven-year lease with Logicenters and will remain as a tenant in the Bussen 5 property in Strängnäs – a modern logistics facility. The property is located between Södertälje and Eskilstuna, which is an excellent logistics location in close proximity to Stockholm and the Mälaren region. The modern building has an area of 27,500 m² and has been adapted to handle refrigerated, frozen and dry goods.
Dustin continues to lease the property at Metallvägen 36 in Rosersberg, which is also located in one of the best logistics locations in Sweden alongside the E4 motorway and close to Stockholm, the Mälaren region and Arlanda Airport. Dustin has signed a ten-year lease with Logicenters and it will also invest in automation during the coming lease period. The logistics facility which Dustin will continue to lease meets all the criteria for a modern logistics operation. The leased area amounts to 22,500 m².
“It is very pleasing that our tenants are so happy with us that they are choosing to enter into long-term contracts. The fact that Menigo and Dustin are extending their contracts for seven and ten years respectively is confirmation to us that our properties are attractive and can support their growth journeys. At Logicenters, it is always our aim to offer high quality and flexible properties in locations which are strategically suitable for logistics and we look forward to continued good cooperation with our tenants,” says Jonas Kennerhed, Asset Manager at Logicenters.
The Menigo contract expires on 1 January 2021 and adaptations and improvements to the property will be carried out during 2020. The adaptations to the Rosersberg property will begin immediately and will be completed in 2020.
Nordic region’s largest roof-top solar cell plant, both in terms of area and capacity Logicenters will now build on the logistics property leased by Speed Group in Viared, outside Borås. The new solar plant will encompass 60,000 m² and have a capacity of 5 MWp. The solar cells are estimated to be capable of producing 4 GWh of electricity a year, corresponding to the electricity consumption for 800 homes.
In 2018, Logicenters began work on expanding the already 38,000 m² property to a total of 83,000 m² on behalf of Speed Group, a logistics operator owned by Ratos. The logistics facility is one of the largest in the Nordic region and is strategically located along the Swedish national road 40, just six kilometres from Göteborg. Logicenters will now further develop the environmentally-rated facility by installing a solar cell plant on the roof of the property.
“We are very proud to be working with Speed Group to take a major step forward in the transition to green energy. Building for a sustainable future is at the heart of our sustainability work and this project will enable us to prove that our buildings can actually be part of the solution, rather than part of the problem. And despite the fact that the tax on solar energy currently penalises large solar plants, we cannot postpone major and important climate investments in the future,” says Matthias Kettelhoit, Head of Logicenters.
The roof-top solar cell plant will have an electrical capacity of 5 MWp and a full area of 60,000 m². This will be the Nordic region’s largest roof-top solar cell plant, both in terms of area and capacity. The plant is scheduled for completion in 2020 and is expected to produce 4 GWh of electricity per year, which could supply around 800 standard homes with electricity for a full year.
“Ratos is convinced that there is a strong link between sustainability and long-term value creation. And we are now putting our money where our mouth is by working on the construction of a solar plant of this size. As recently stated, we do still maintain that taxing self-generated electricity which is used in-house is not the right way to go, but we cannot let this stop us from making the right choice in the long term,” says Christian Johansson Gebauer, Area Manager for Construction & Services at Ratos.
It is calculated that the new solar plant will produce 33 percent more electricity than is currently consumed by the property. Speed Group will use some of the electricity in its daily operations, but the surplus will be available to other users through the electricity grid.
“We are very pleased to have a solar cell plant of this calibre installed on the roof. This is the right way to go, both from a climate perspective and a market perspective, as we are finding that more and more customers want to work in properties powered by green electricity. The fact that a considerable amount of daily operations will be powered by self-generated green electricity from solar cells on our own roof is gratifying both for Speed Group, our customers and not least for the environment,” says Mats Johnson, CEO of Speed Group.
NREP Logicenters, a leading Nordic real estate investor and developer, and QHeat, a next-generation energy company, have completed their joint pilot project to build a deep geothermal well in Espoo, Finland. The pilot aims to provide a near zero-emission energy solution that can produce up to 40 times more heat energy than traditional ground heat.
NREP Logicenters and QHeat’s pilot project on a deep geothermal well has been completed at NREP Logicenters’ logistics property in Koskelonkuja, Espoo. The pilot is Finland’s first functional geothermal heating plant that can heat as well as cool large property complexes in a nearly emission-free manner.
The deep geothermal well, located on NREP Logicenters’ property, is approximately one kilometer deeper than a regular geothermal heat pump, which enables greater production of energy. The well, which was taken into use in January, is 1,300 meters deep and is estimated to produce more than 1,000 MWh of heat energy per year, which equals the heat consumption of approximately three apartment buildings. The well covers 60–80 percent of the 16,000 m2 logistic property’s heating. In addition, QHeat’s technology enables the property’s cooling during the summer.
“The heating of buildings represents approximately one fourth of the total energy consumption in Finland, and most of this energy is produced with fossil fuels. The only way we can reach our goal of using only renewable energy in our properties is to pilot and scale new solutions such as this one,” says Jani Nokkanen, CIO and partner at NREP.
The drilling of the deep geothermal well began at the end of July 2019, and the well’s heat production began in January 2020. The pilot is part of the Smart Otaniemi innovation ecosystem and received nearly half of its funding from Business Finland.
“We are excited to put into operation Finland’s first functional geothermal heating plant. We are grateful to Business Finland and NREP for funding this pilot. We believe that this technology has significant export potential as a solution to decrease emissions from heating and cooling,” says Miska Eriksson, QHeat’s CEO.
The energy production of NREP Logicenters’ deep geothermal well will be tested during spring and the company aims to utilize the technology also in its other properties.
“QHeat’s technology has great potential, as it enables emission-free geothermal heat also in densely built urban areas. We have already identified large projects in the Helsinki Metropolitan Area in which we would like to scale the technology,” Nokkanen continues.
Logicenters is now to expand its presence in Jönköping by developing a new logistics facility in Torsvik. The property is estimated to be 32,400 m2 in size. The development is scheduled to begin in the first quarter of 2020 and is expected to be completed in early 2021.
Having developed a number of logistics properties in Jönköping, Logicenters is continuing to strengthen its presence in the region. This 32,400 m2 logistics facility will be located on Möbelvägen in Torsvik. The property is to be built on speculation and must therefore be developed to suit both a single tenant as well as several different ones. The development is scheduled to begin in March and is expected to be completed in early 2021. As with Logicenters’ other new developments, the property will have a clear environmental profile and will be prepared for the installation of solar cells on the roof.
“This development will further strengthen our business offering and will enable us to meet customers who value rapid access to logistics properties, something that we notice is in increasing demand. We see tremendous potential in the area and are therefore very pleased to strengthen our presence in Torsvik. The region is one of the country’s most important logistics hubs,” says Matthias Kettelhoit, Head of Logicenters.
Logicenters has been active in the Jönköping region for many years. The company’s tenants in the area include Babyshop, Bring and Kitron. The new development will take place on an attractive site in the area, near IKEA and Elgiganten, and directly adjacent to the property where Kitron is the tenant.
© Copyright NREP 2020 All rights reserved.