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.
Logicenters is strengthening its Norwegian team with the recruitment of Jacob Sandberg Gjems-Onstad. With extensive experience in the development of logistics projects, Jacob is taking on the role of Development Manager for Logicenters in Norway. His most recent position was at Bulk Industrial Real Estate AS.
Logicenters has high ambitions and is now expanding in Norway. To strengthen growth and meet the high demand for proprietary products and build-to-suit solutions, Logicenters has now recruited Jacob Sandberg Gjems-Onstad. With many years of experience in similar roles, Jacob is joining Logicenters’ Norwegian team as Development Manager. He has previously worked as a project engineer at Veidekke Entreprenør AS and his most recent position was at Bulk Industrial Real Estate AS. There, he worked on the development and execution of logistics projects.
“The demand for our proprietary products is growing and we are constantly looking for skilled people to join our team. We have ambitious goals when it comes to the development of Logicenters and this recruitment will further strengthen the development team. The pandemic has really driven the demand for modern and flexible logistics premises and Jacob, with his extensive experience of development in the segment, will be a fantastic addition to our team,” says Eva Sterner, Head of Development at Logicenters.
Jacob will be responsible for Logicenters’ development department in Norway. The role involves maintaining a close dialogue with municipalities regarding local management plans and building permits in order to identify land for new development projects and being responsible for procurement.
“I am delighted to be joining such a successful industry leader as Logicenters. I am very proud to be a part of Logicenters’ expansive development. I look forward to working with the team in Norway to develop the Logicenters brand where we continue to offer both existing and potential tenants modern and sustainable logistics facilities,” says Jacob Sandberg Gjems-Onstad.
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.
With the ambition to switch to 100 percent renewable electricity in its operations before 2025, Logicenters is now ramping up its efforts by installing solar panels on six more of its facilities. This means that Logicenters will be doubling the number of solar plants compared to today. It is estimated that the solar panels will generate a total of 9 gigawatt hours of electricity annually.
Logicenters has recently signed an agreement to install solar plants at six of its facilities across the Nordic region. Logicenters currently has solar plants on seven of its properties. With the installations now being carried out, Logicenters will be doubling the number of solar plants installed on its facilities. It is estimated that the solar cells will have a total capacity of up to 10,000 kWp and will produce 9 gigawatt hours of electricity on an annual basis. This is equivalent to the energy required to supply 1,800 homes with electricity for an entire year.
For example, Logicenters and its tenant Speed Group are currently installing the Nordic region’s largest rooftop solar plant in Borås, Sweden. At this property alone, the solar cells cover a roof area of 60,000 m2 and have a capacity of 5,000 kWp.
“We are very pleased to be managing this sustainable transition in the logistics industry. It is of the utmost priority to us that we reduce our climate footprint as much as possible while simultaneously securing the future energy needs of our tenants. By installing solar cells on our roofs, we can also utilise very large areas not normally in use, instead of taking up land that may be better suited for other things”, says Matthias Kettelhoit, Head of Logicenters.
As the leading developer and owner of modern logistics facilities in the Nordic region, Logicenters also wants to manage the transition to renewable energy within the logistics industry. Through NREP, Logicenters has become affiliated with RE100, a global coalition of companies committed to renewable energy. Consequently, Logicenters is undertaking to switch to using 100 percent renewable electricity throughout the company’s property portfolio before 2025.
“Solar cells are just one part of our comprehensive sustainability work. We are also maintaining an ongoing dialogue with our tenants regarding the implementation of energy efficiency measures that will also mean significant potential savings for them,” says Karin Sjövall, Head of Sustainability at Logicenters.
Scandinavia’s leading company within flow technology, GPA Flowsystem AS, has moved into Logicenters’ property in Langhus, just outside Oslo. The lease agreement is for a 5,350 m2 section of the logistics property company’s facility.
The leading specialist in flow technology, GPA Flowsystem AS, has now become a new tenant at Logicenters’ property in Langhus, just south of Oslo. GPA now has an area of 5,350 m2 at its disposal. The property has a generic design and is equipped with all the necessary specifications for modern logistics operations. In addition to all the necessary indoor specifications, the property also has spacious outdoor areas which promote efficient traffic management and outdoor storage.
“We are very happy that GPA Flowsystem AS has now moved into our facility in Langhus. It is an exciting company that we are convinced will thrive. They are moving into a property well suited to modern logistics operations and also situated in an optimal location for logistics in the heart of Oslo’s southern logistics corridor. We would like to wish them a warm welcome,” says Matthias Kettelhoit, Head of Logicenters.
In terms of geography, Langhus is optimally located for logistics operations and is considered to be the most attractive logistics area in southern Oslo. From the property there is easy access to the E6 motorway with excellent links to Oslo, Sweden and further south to Denmark and the rest of northern Europe.
“It is great to have moved into our new warehouse in Langhus. In addition to the property fitting our business well, we are delighted by its geographical location, offering strategically good links to Oslo and the rest of the Nordic region. We would also like to take this opportunity to thank Logicenters for an excellent collaboration,” says Per-Ivar Søfteland, CEO of GPA Flowsystem AS.
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 experiencing a strong expansion phase and is in the process of strengthening its team significantly. To support the logistics property company’s continued growth and ambitious goals, Logicenters has acquired six new employees. These include a Sustainability Manager in order to further strengthen Logicenters’ work on sustainability.
Logicenters is today the leading developer and long-term owner of modern and sustainable logistics properties in the Nordic region. Over the past decade, Logicenters has been the most active developer of logistics properties with more than 25 completed projects and over 600,000 square metres of logistics space. Logicenters is now a Nordic team with offices in Sweden, Denmark, Norway and Finland.
The flourishing e-commerce sector over recent years is just one of the reasons why Logicenters has enjoyed a continued increase in its real estate holdings and strong organisational growth. In order to keep pace with this rate of growth, Logicenters is now reinforcing its team by adding a number of new positions. This includes two new Commercial Managers – Ruben Krantz in Norway and Fredrik Nygren in Sweden.
Logicenters, who are connected to RE100 through NREP, also has high sustainability goals and are working continuously to make its properties more energy efficient. For example, earlier this year, construction began on what will be the Nordic region’s largest rooftop solar cell plant, in terms of both area and capacity. With the aim to further strengthen NREPs work on sustainability, Logicenters has now recruited Karin Sjövall in the role of Sustainability Manager, with a main focus on logistics properties. Karin most recently worked at Nordic Property Management as a Project Sustainability Manager.
“It feels really great to team up with even more smart, driven and engaging people who understand what our customers value. I am absolutely positive that our new colleagues will contribute to our continued growth and help to ensure that our high business goals are achieved. Together, we will continue to develop and manage the Nordic region’s most modern and sustainable logistics properties. And we will take Logicenters to the next level”, says Matthias Kettelhoit, Head of Logicenters.
Logicenters has also recruited Andreas Luczak as a Transactions Associate, Erik Karlsson as a Business Analyst and Kalle Nurmos as an Asset Manager. In addition, the logistics property company is currently looking into further recruitments in order to support its rate of growth.
Logicenters, NREP, has announced the purchase of further land in Vestby, Norway. This time it is a substantial land plot of 100,727 m². This latest acquisition means that Logicenters now owns land for development totalling 128,000 m² in the area. Ground preparation is currently in progress, and the logistics property company predicts that the first property can be ready for tenants in the beginning of 2022.
Logicenters is continuing to establish in strategic logistics hubs throughout the Nordic region. The logistics property company has now acquired a substantial land plot at Toveien 21 in Vestby Næringspark, just south of Oslo. The site was purchased from the investment company Ferd Eiendom.
Logicenters is already well established in the area. Since 2016, Logicenters has purchased 130,000 m² of land and developed facilities totalling 56,000 m² in Vestby, including a new development of 12,000 m² which is scheduled for completion in early 2021, and during this spring, the logistics property company acquired additionally 27,000 m² of land with a potential footprint of ca 70%. With the latest land acquisition of just over 100,000 m², Logicenters has now secured its position for ongoing development in the logistics park. The ground conditions at the newly acquired plot should be of excellent quality, which is key for logistics facilities with high load bearing requirements.
“Vestby is a very attractive logistics cluster for many companies. It is therefore important that we strengthen our presence in the area in order to develop more high-quality facilities for modern logistics operations. We have been very successful in Vestby and this new land acquisition will allow us to continue developing and renting out logistics properties to companies with high demands, positioned at the forefront of their industries. This acquisition will enable us to offer properties for both large and small tenants. We look forward to welcoming our first tenants in early 2022,” says Matthias Kettelhoit, Head of Logicenters.
Vestby Næringspark is located in Oslo’s southern logistics corridor. The business park has an optimal strategic location for warehousing with its close proximity to the E6 motorway and Oslo. Logicenters’ latest land acquisition is one of the few large-scale development areas with direct proximity to both the E6 motorway and Oslo.
Logicenters is scaling up in Norway by strengthening its team with a key hire to support its future growth. The logistics property provider has recruited Ruben Krantz as Commercial Manager for Logicenters in Norway. Krantz has substantial experience in the logistics industry, most recently as Director of Business Development at Colliers.
Logicenters is expanding significantly in Norway. Through both land acquisitions and new developments in Vestby, just outside Oslo, the logistics property company has expanded its presence in Norway substantially in 2020. In order to support future growth and as part of its continued investment, the company has recruited a Commercial Manager for Logicenters in Norway, Ruben Krantz, who will be responsible for the continued business development in Norway.
“We are delighted with this appointment. Ruben has valuable experience of the industry, a wide network of connections and a good understanding of what our customers need. Logicenters is in a strong growth phase and Ruben will have an important part to play in the company’s future investment in Norway. I would like to warmly welcome Ruben to our team and I look forward to working together onwards,” says Matthias Kettelhoit, Head of Logicenters.
Ruben Krantz has substantial experience and understanding of logistics in Norway. His most recent position was as Director of Business Development at Colliers and prior to that as Business Developer at Malling & Co Markets. He will now become a key person in Logicenters’ team where he will be managing the logistics property provider’s future investments in Norway.
“Joining such a successful and ambitious brand such as Logicenters is something I am very proud of and humbled by. My goal is to support Logicenters growth to being the leading logistics property provider in Norway and I look forward to developing the business further in collaboration with my new team,” says Ruben Krantz.
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.