Norway Archives – Logicenters

Logicenters makes a major investment in Moss by acquiring Marine Trading AS

January 16, 2024 8:37 am Comments Off

Logicenters continues its commitment in Moss and has entered into an agreement with Gudmund Harlem to acquire the company Marine Trading AS. The transaction involves the acquisition of all nine logistics properties owned by Marine Trading AS in Moss, along with a significant land bank in Våler Næringspark.

In the spring, Nrep secured the largest European value-add real estate fund ever with over 40 billion Norwegian kroner in equity capital, intended for investments in the Nordic and Northern European regions. In May, it was also announced that the fund’s Norwegian venture acquired two central office properties from Entra for 1.5 billion Norwegian kroner. Now, we can announce that another significant transaction has taken place in Norway with the acquisition of the logistics developer Marine Trading AS.

”Marine Trading AS properties fit well into our Northern European portfolio, with flexible buildings suitable for both large and small logistics tenants. Logicenters has great confidence in Moss as a logistics hub with proximity to the European road and port, as well as attractive access to qualified labor. The properties we acquire also have some environmental qualities and a good foundation to build on, aligning with our focus on sustainability”, says Jørgen Bråten Nordby, Investment Manager and Portfolio Manager at Logicenters in Norway.

The acquisition is a strategic step to increase Logicenters presence in the logistics sector in Norway and ensures more land to continue developing logistics properties south of Oslo. Logicenters is currently building a logistics facility of over 20,000 m² in Moss on speculation and is expanding its portfolio in the area.

“We at Logicenters are very pleased with our continued investment in Norway. The acquisition of this portfolio is excellent as it allows us to further develop our business. We have great confidence in Moss as a competitive and cost-effective alternative to Vestby. This also aligns with our commitment to offer and develop modern and sustainable logistics solutions for our tenants. The combination of several existing buildings and land fits well with our strategy to continuously facilitate the growth and changing needs of our tenants”, says Matthias Kettelhoit, CEO at Logicenters.

Logicenters is pleased to acquire nine good properties with a total of 78,000 m² of logistics and simultaneously enter a collaboration with Gudmund Harlem, who becomes a co-investor and will take on an operational role to assist with leasing and further development of the land bank.

“I have had a close and good collaboration with Marine Trading AS for several years to develop the commercial real estate portfolio they have. Together, we have managed to establish many stable tenants in both existing buildings and those that have been erected in recent years. Through this process, I agreed with Svein Willadssen that the time was right to hand over the real estate portfolio to a larger player to further develop the company. I want to thank the team at Marine Trading AS for a close and good collaboration in the process, and I will continue the good work they have done with both the properties and, above all, the close relationship they have had with their tenants and partners”, says Gudmund Harlem.

“After developing our commercial real estate portfolio for over 20 years, the time was right to hand over the continued development of the real estate portfolio to others. Through a good collaboration with Gudmund Harlem over several years, it was natural to initiate a dialogue with Gudmund to hand over our properties to a larger player to further develop the portfolio. I believe that the new owners will manage the properties in a way that will be positive for both our local partners and new and existing tenants. I hereby wish everyone involved good luck and a good collaboration in the process. A special thanks to BDO Østfold, which has assisted us in the process”, says Svein Willadssen, owner of Srw AS.

Nrep Logicenters strengthens its sustainability through one of Norway’s first BREEAM Excellent certified logistics properties

November 8, 2023 9:49 am Comments Off

Nrep Logicenters property in Norway, with Oda as a tenant, has achieved BREEAM Excellent certification – an environmental assessment method and certification scheme for buildings. The certification approves the environmental profile and the commitment to minimize the impact on the environment throughout the property’s value chain.

In 2022, Nrep Logicenters took over the property of approximately 18,500 m² from Eneo Eiendom, with Panelbygg as the contractor, and Eneo Eiendom as the developer until the completion of the building.

Oda’s warehouse is one of Norway’s most modern and efficient logistics properties. The building is now one of the first in the country to be certified with BREEAM Excellent In Use and has an energy class A rating. The facility is Oda’s second distribution center in the Østlandet region and is designed for high inventory turnover and efficient delivery to customers in the area.

The state-of-the-art building places a strong emphasis on energy recovery with its own energy center featuring a CO2-based cooling system, where excess heat is recycled and used for heating the building. Additionally, the roof and large parts of the facade are covered with solar power installations, estimated to produce approximately 1,150,000 kWh of energy annually.

“We have focused on the reuse of building materials. With our solutions for energy production and energy recovery, we have secured BREEAM Excellent certification for the building“, says Morten Hotvedt, CEO of Eneo Eiendom.

Today, the real estate sector accounts for 40 percent of global greenhouse gas emissions. Properties in locations that allow for efficient logistics systems with reduced transportation time, lower energy consumption, and the production of renewable energy are essential to reducing emissions.

“Oda has a clear focus on sustainability. This reflects our ambition to be emission-free in the construction and operation of our buildings by 2028. Part of the ambition with this purchase was to maximize the use of the building’s facade for solar energy production. The BREEAM Excellent certification shows that we are one step closer to achieving our ambition“, says Kristian Aarflot-Nyrud, Asset Manager at Nrep.Formulärets överkant

A BREEAM Excellent certification applies to the entire building, not just individual products or materials. Therefore, the certification also sets requirements for good indoor air quality, lighting conditions, non-toxic materials, and other health-promoting measures that make the building a pleasant place to be.

“It has been important to us that our warehouse has an environmental profile in line with the values we have as a company. We are pleased that the warehouse not only has a very good environmental profile, which the BREEAM Excellent certification underlines, but that Nrep’s and Eno’s values and climate ambitions also reflect our own”, says Tor Erik Aag, board member and acting head of Norway at Oda.

Logicenters signs lease for 17,800 m2 logistics building with Vinhuset in Vestby

April 3, 2023 6:34 am Comments Off

At the Vestby Logistics Park, south of Oslo, NREP Logicenters has now signed a lease agreement with Vinhuset, which is owned by NorgesGruppen. The object of the lease is the 17,800 m² logistics facility Stormåsan 42.
Vinhuset expects to take up residence in September 2023.

It has been announced that Logicenters has signed a lease agreement with Vinhuset Vestby Logistics Park in the Oslo region. The long-term lease agreement is for 17,800 m² in one of Logicenters’ newly developed properties in Vestby, Stormåsan 42. Vinhuset will lease the entire property, totalling 17,800 m². The plot as a whole measures 27,000 m².

Since 2018, NREP Logicenters has developed a total of 135,000 m² of BTA logistics buildings in Vestby, spread across sites measuring 260,000 m².

NREP Logicenters has leased out all its property in Vestby and is now on the lookout for new development opportunities in the region.The lease was signed just before the end of the year, but for the sake of employees and customers has not been made public until now. The property will be very well adapted to Vinhuset’s operations and equipped for future growth. The building will have a clear environmental profile, certified BREEAM Very Good. Solar cells will be installed on the roof and there will be a charging station for electric trucks and cars.

“We would like to thank NREP Logicenters for ensuring that everything ran smoothly up to the signing of the lease and we look forward to moving into an efficient new, modern building adapted to the future and our needs at the end of the summer. It was important to us to find a building with an excellent environmental profile with solar cells on the roof and the opportunity to charge electric trucks. The choice of Vestby as our location was a natural one as several of our partners are located in the area,” says Stig W Jørgensen, CEO at Vinhuset.

“NREP Logicenters is happy to be adding Vinhuset to our portfolio! Vinhuset and NorgesGruppen are companies with very similar values to NREP when it comes to sustainability. It was our ambition to achieve BREEAM Excellent, but that was not possible since there has been cultivated land on the site in the past. We are committed to connecting with solid growth companies and it is our strategy to be a growth partner for our tenants,” says Ruben Krantz Kringstad, Commercial Manager with responsibility for leasing and commissioning of new builds at NREP Logicenters.

Vestby Logistics Park is strategically located alongside the E6 motorway en route to Oslo. The area also has excellent transport links thanks to its proximity to the ports in Moss and Göteborg.

Logicenters’ existing tenants in Norway include Schibsted, HeltHjem Netthandel, New Wave Morgenlevering, Oda, Coop, Maske, Malomo 3PL, Foodbroker, Domstein, Barnas Hus, GPA, Movement, NTEX, Filetfabrikken, Andvord and Prime Cargo.

Logicenters to install solar cells across 800,000 m2

February 10, 2023 7:35 am Comments Off

Logicenters is continuing to concentrate on a sustainable future. To lead the move towards a carbon-neutral sector, the company has decided to more than double its ownership of solar cell installations in the coming years.

With a sustainability goal to be completely carbon neutral by 2028, Logicenters has decided to pioneer the use of renewable energy at its facilities.
The decision has been made to cover roofs with solar panels on all new builds and to install them on existing roofs where possible.

In total, Logicenters aims to install around 800,000 m2 of solar cells over the next three years. This area is equivalent to a total of 133 football pitches. In total, this investment would generate potential annual production of 85,000 MWh, sufficient household electricity for more than the whole of Östersund (24,290 households).

“The logistics property sector has the necessary conditions and therefore a responsibility to take a leading role in the expansion of solar energy on our large roof areas. We are also building for tomorrow, when solar power will be used to charge the electric distribution vehicles of the future. It is here that we at Logicenters feel we can make a big difference,” says Jon Malmsten, solar energy expert at Logicenters.

Over the last year, this ambitious solar cell strategy has already seen construction of the largest roof-mounted solar plant in the Nordic region, covering 80,000 m2. The plant was built for Dagab in Bålsta and is set to become operational in March.

“For me, it goes without saying that we should continue our commitment to solar energy for a carbon-neutral tomorrow. The property sector continues to account for 40% of global emissions and there is an urgent need to find better ways both to develop and to operate properties. Everyone must assume responsibility and it is our ambition to be at the forefront of the Nordic market,” says Matthias Kettelhoit, CEO of Logicenters.

Logicenters develops property in Moss

February 7, 2023 7:29 am Comments Off

NREP Logicenters has recently acquired 75 000 sqm in Moss, Norway. The plan is to start construction of 20 -25 000 sqm.

In January 2022, Logicenters signed a purchase agreement for a site in Moss, Norway for a total of 75 000 sqm, with takeover after compeltion of development. The site was ready in Q4 2022, and now the logistics real estate operator plans to start construction.

The company shall, without a tenant, begin the development of 20-25 000 sqm on speculation, with the aim of leasing the facility to one or more tenants during or after the construction period.

“We have rented out our entire portfolio of existing properties and want to add more square meters to the portfolio to be able to offer tenants a finished, modern and tailored product”, says Ruben Krantz Kringstad, commercial manager at Logicenters.

Logicenters plans for the property to be completely ready in mid-2024.

Logicenters acquires food distribution property in south-Oslo region

December 14, 2022 12:26 pm Comments Off

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.

NREP Logicenters acquires last mile asset in the Oslo region

December 5, 2022 10:12 am Comments Off

Logicenters continues growing their presence in Norway with a new acquisition. The logistics branch of the Nordic real estate investor NREP has recently acquired a logistics building in Skytta, slightly north of the Oslo city limit. The property is currently undergoing an extension and an upgrade and will upon completion in May 2023 have a total leasable area of 17 000 sqm.

Previously this year, NREP Logicenters acquired their first logistics property beyond the greater Oslo region as they acquired three properties at Løvåsmyra in the Mid-Norwegian city Trondheim. A month later, the company also closer their acquisition of the new ODA distribution center west of Oslo at Liertoppen. Now Logicenters has done another transaction in the Norwegian market, by acquiring a last-mile distribution center in the Oslo region, Brennavegen 20. The seller is a JV-setup between LED Eiendom AS and Furuholmen Eiendomsutvikling, who bought the property in early 2021, and are now extending the building with two new tenants.

Upon completion of the ongoing extension, the property will be 17 000 sqm, which is distributed between four different tenants. The existing building mass is let to Nittedal municipality and Andvord, whereas the new areas are let to the seafood players, Filetfabrikken and Domstein, who are expected to move in by May 2023.

” Logicenters are very pleased with the acquisition of a high quality last-mile property in the Oslo region. We have broad experience from investing in the Oslo region in the past, and we consider Brennavegen 20 to be a great fit for our portfolio which has increased focus on flexible “last mile” properties. The technical and property specific qualities of the building matches well with our requirements.” – Matthias Kettelhoit, CEO of Logicenters.

” This is an exiting and flexible property of high quality which is located right beyond the Oslo city limit. We have high appetite for high quality properties north of Oslo, and we hope this is one of many acquisitions in this region going forward. The acquisition of this property is an important part of our strategy for the Norwegian market.” – Jørgen Bråten Nordby, Investment Manager at NREP Logicenters.

Our initial business case has been realized. The property is now fully let and we will have a complete building shell by Christmas. It is therefore time to let a long term and industrial owner take over the reins, we congratulate Logicenters with the acquisition of an attractive property” says Morten Roland in LED Eiendom and Lars Halvorsen from Furuholmen Eiendomsutvikling

Logicenters signs lease with Schibsted in Vestby

March 14, 2022 10:46 am Comments Off

In the Vestby logistics park in the Oslo region, Logicenters has signed a lease agreement with Schibsted Norway. The long-term lease is for 30,500 m2, on Toveien 21, and is in the final stages of the property purchased by Ferd in 2021. Schibsted is expected to move in between March and June 2023.

It’s now a done deal that Logicenters has signed a lease agreement with Schibsted Norway in Vestby logistics park, south of Oslo. The long-term lease is for 30,500 m2 on one of Logicenters newly developed properties in Vestby, with the address Toveien 21, where Schibsted Norway will rent the entire building. This is one of the largest leases signed in 2021 in Norway that has now been announced.

The tenant will combine operations from several subisidiaries wholly or partly owned by the Schibsted Group. Schibsted Trykk is moving its operations from Nydalen to have a more efficient operation with HeltHjem Netthandel AS and Schibsted Distribusjon.

The property will –to a large extent be adapted to the customer’s needs.. The building will have a clear sustainability profile, certified BREEAM «very good». Logicenters are working on a large solar cell plant covering the entire roof and large parts of the facade.

”Logicenters is very happy and humble to be chosen to develop a modern printing and logistics facility for the Schibsted Group. HeltHjem is one of Norway’s fastest growing logistics companies and we are very proud to have Schibsted’s trust to develop this facility combining Helthjem with Schibsted Trykk and Schibsted Distribusjon. We are focusing to connect with growth companies and our strategy is to be a growth partner for our tenants, where Schibsted and Helthjem are no exception”, says Ruben Krantz Kringstad, Commercial Manager at Logicenters.

”We are happy to move in to a building prepared for the future with a clear green profile, in the heart of the Norwegian logistic center. The building creates opportunity for further expansion for Helthjem who’s fast growth under the last year has taken 15 procent of the the package market. In the same time Schibsted Trykk get an effective facility adapted for the future with much lower energy consumption”, says Harald Jacobsen, Head of Schibsted Norway.

Vestby is a strategic location close to Oslo and the E6 and has attractive proximity to the ports of Moss and Gothenburg.

Logicenter’s existing tenants in Norway include Oda.no, Coop, Maske, Malomo 3PL, Barnas Hus, GPA Flowsystem, Movement, NTEX and Prime Cargo.

Ruben Krantz from Logicenters can be available for an interview upon request.

Acquisition of 18,000 m2 state-of-the-art facility

March 10, 2022 7:31 am Comments Off

Logicenters is continuing to establish itself in Norway
with the announcement that the logistics property company has acquired a new 18,000 m² facility in Heimdal, one mile south of Trondheim city centre.
Its tenants will be Maske Gruppen, Nordic Crane and Ramudden.

In January, Logicenters expanded its presence in Norway with the acquisition of land, something which is now continuing in the country. The logistics property company has signed a new agreement for the acquisition of the Løvåsmyra 2, 8 and 10 facilities in Heimdal, just outside Trondheim.
This is the first investment Logicenters has made in Trondheim. The property is 18,000 m² with Maske Gruppen leasing 15,000 m². Nordic Crane and Ramudden will continue to be tenants of the remaining space.

“Logicenters is delighted with the acquisition of our first property in Trondheim. The region is an interesting logistical location for us, given the area’s central position in the heart of Norway as we look for more locations outside the Oslo region,” says Matthias Kettelhoit, CEO of Logicenters.

In terms of geography, the facility is centrally located along the E6 motorway south of Trondheim city centre and close to several ports.

“This is a modern property located in Trondheim’s best micro location for logistics properties with sound and long-term tenants. Combined with long-term development potential, this makes it an interesting investment for us. The property is an important piece of the puzzle for our continued growth in Norway,” says Jørgen Bråten Nordby, Investment Manager at Logicenters.

Ragde Eiendom is selling the property and Norion Næringsmegling has assisted as a broker in the transaction.

Logicenters invests in Moss – acquires 70,000 m2 site

February 7, 2022 8:52 am Comments Off

The logistics property company is continuing to expand its presence in Norway. Logicenters has now announced that it has acquired a 70,000 m² site from Skolt. Construction is expected to begin in the first quarter of 2023 and the entire developed logistics park is scheduled for completion in 2025.

Logicenters has acquired a site on speculation in Moss, Norway. During the first quarter of 2022, Logicenters will start preparing the land, which is expected to be ready for construction in the fourth quarter of 2022. To begin with, a building will be constructed on the site which will later become part of a developed logistics park. Construction of the planned property will begin in the first quarter of 2023. The entire logistics park is scheduled to be fully developed during 2025.

The logistics property company is in dialogue with several exciting companies, for whom Logicenters wants to develop facilities at the new logistics park in Moss.

“We are delighted to have secured this site in Moss. The area has seen strong growth in recent years and we can see that development in Moss is off to a good start. With tenants in the area such as Greencarrier, Europris, HelloFresh, Onna Greens, Altus Logisitics, Etac and Rockwoll, Moss logistics park has been on the map for major logistics companies for some time. Moss also has a good supply of labour, which we are finding is becoming increasingly important to logistics companies. The park is also located right next to the port of Moss and its dry dock. So there are great opportunities to move goods in and out of the country easily using containers and ships that are more environmentally friendly than heavy transport. Our ambition is to develop a state-of-the-art property with a strong focus on the environment, sustainability and energy efficiency. We are currently looking for major tenants who focus on the same factors as us. We would like to thank Skolt for a smooth process and look forward to further cooperation in the preparation of the park,” says Ruben Krantz, Commercial Manager at Logicenters.

The logistics park in Moss is strategically located close to Oslo, Moss Airport and Rygge.

“I would like to thank Logicenters for a very professional and smooth process. I look forward to continued great collaboration in the future,” says Karsten F. Hansen, CEO at Skolt.

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