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.