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.
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