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.
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
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.
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.
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.
It has now been announced that Logicenters has signed a long-term lease agreement with the transport- and freight company NTEX AS in Vestby, Norway. The agreement covers an area of 18 000 m2 and the property will be certified according to BREEAM “Very Good” with solar panels on the roof. The tenant is expected to move in May 2022.
At the address Toveien 21 near the Oslo region, Logicenters is building a new property with a total of 28 500 m2. The logistics player has now signed a lease agreement with the transport and freight company NTEX, which will move into the property in May 2022. The long-term lease agreement covers an area of 18 000 m2, which includes a warehouse of 14 000 m2, a 3 700 m2 terminal and an office space of 800 m2 to suit the tenant’s need. The facility will also be certified according to BREEAM “Very Good”.
“We are very happy to enter into a collaboration with NTEX AS. They are a major player in the transport industry which is in a very exciting growth phase. We are confident that they will thrive in their modern facility in Vestby, which both meets a high standard and is permeated with sustainable material choices. We look forward to welcoming them on site when the property is ready to move in”, says Matthias Kettelhoit, CEO of Logicenters.
At Toveien 21 there is proximity to the road E6 as well as Moss Harbour, Sweden and northern Europe. With good connections to Oslo, the region also offers a well-developed infrastructure.
“We are so proud to have finally signed an agreement with Logicenters for our upcoming warehouse in Vestby. Today, our current facility in Sofiemyr is full. By moving into our new facility during the spring, we have the opportunity to double our storage capacity and our business can continue to grow further. We would like to thank Logicenters once again for a very good collaboration”, says Andreas Hoel Nikolic, CEO of NTEX AS in Norway.
At the Vestby Logistics Park in the Oslo region, Logicenters has now signed a lease with 3PL company Malomo. The property is located at Torvuttaket 22 and the long-term lease is for 5,500 m2 of the property. Malomo 3PL is scheduled to move in during November 2021.
Logicenters has announced that it has signed a lease with logistics company Malomo 3 PL AS in Vestby Logistics Park in the Oslo region, Norway. The long-term lease is for a 5,500 m2 facility in one of Logicenters’ newly developed properties in Vestby, Torvuttaket 22. Malomo will share the 12,000 m2 building with Barnas Hus. Malomo is a 3PL company for wine and microbreweries in Norway. The property will be equipped to meet its needs and work is now under way to build offices and install shelving. The facility is scheduled for completion in November 2021, at which point Malomo 3PL will move in.
“Logicenters is very pleased to be working with such a rapidly growing company as Malomo 3PL AS. Our ambition is to start collaborations with growth partners and, in line with our strategy, we want to be a growth partner for our tenants. Among other things, Malomo will provide logistical services for Lokalbrygg AS and a number of Norway’s smaller wine and beer wholesalers. When it moves in, Malomo will occupy approximately half of the facility. We look forward to following the journey of Malomo 3PL and Lokalbrygg in the future,” says Ruben Krantz, Commercial Manager at Logicenters.
Vestby Logistics Park has a strategically important location, close to both Oslo and the E6 European motorway. The area also has great transport links with its proximity to the ports of Moss and Göteborg. Among Logicenters’ existing tenants in the area are Barnas Hus, HeltHjem Nethandel AS and Prime Cargo.
“We are looking forward to moving into a new facility, tailored to meet our needs. It was important for us to find a place where we can grow over the next ten years. The collaboration with Ruben and Logicenters has been outstanding and we are excited to move into our new facility in Vestby. We considered facilities in other areas but after assessing travel time, distance from Oslo and price, Logicenters’ Vestby facility was the best option. We are also close to Asko, Vinhuset and Vinmonopolet’s e-warehouse. We would like to thank Logicenters again for its excellent cooperation. It is very important for our continued investment and we look forward to co-locating the businesses from Alnabru and Langhus in a new building of the highest quality,” says Marianne Frydenlund, Chair of the Board at Malomo 3PL AS.
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.