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.
Logicenters is continuing to strengthen its presence at strategic logistics hubs in the Nordic region. The logistics property company will develop a 12,000 m2 logistics facility in Vestby, Norway. The first tenant, BH Nordic AS, has already signed a lease of 5,800 m2 of the property. The development will begin in March 2020 and the property is scheduled for completion by February 2021. 6,200 m2 will become available for additional tenants.
Logicenters is about to begin developing a property at Torvuttaket 22 in Vestby, just south of Oslo in Norway. The property will have a lettable area of 12,000 m2 and is scheduled for completion in February 2021. The building will be developed in line with Logicenters’ clear focus on sustainability. The property will also be BREEAM certified, which is an environmental certification that places strict requirements on the property’s sustainability performance. There will also be an option to install solar panels on the roof of the property, aiming to provide tenants with green electricity without increasing total cost for the tenants.
The first tenant to sign a lease at the new property is BH Nordic AS, better known as Barnas Hus, a specialist within children and baby products. BH Nordic AS and Logicenters have signed a lease for approximately 5,800 m2 of the property. The remaining 6,200 m2 will be available for additional tenants, as the property is prepared as a multi tenant property.
“We are delighted to offer BH Nordic a new warehouse in Vestby. It is a company that, in our experience, has a serious environmental focus and priorities high quality working environment for its employees, which is reflected in the layout of the new premises and has contributed to develop good solutions. The remaining 6,200 sqm will represent flexible lease structures for tenants with respect to size and contract terms. Vestby is a geographically strategic logistics hub in close proximity to Oslo and we are happy to be able to further strengthen our presence in the area,” says Jørgen Bråten Nordby, Commercial Manager, Logicenters Norway.
“We at BH Nordic and Barnas Hus are very pleased with our new and efficient premises in Vestby. Barnas Hus is Norway’s leading specialist shop for equipment and clothing for babies and children and we will use this logistics centre to further develop our rapidly growing online store and to serve our 25 physical stores with excellent products. BH Nordic and Barnas Hus engage in sustainability, we are Eco-Lighthouse certified, and the new BREEAM certified building represents one of our initiatives within this field. We are looking forward to relocating to Vestby and the entire organization is also looking forward to using efficient and environmentally friendly premises. This property will be perfect for us,” says William Skaar, Finance and IT Director at BH Nordic AS.
Motek AS has become a new tenant in Logicenters’ property at Fjellbovegen 9 in the attractive Berger area of Oslo. Moving in is scheduled to begin in early 2020 and the company will lease an area of 12,571 m2.
Logicenters has signed a lease agreement with Motek AS. The contract covers an area of approximately 12,571 m2, which means that the property is now fully let. The logistics facility is located on Fjellbovegen 9 in Berger, outside Oslo. The previous tenant was Bertel O Steen which had the opportunity to move out before its contract expires in April 2020. Motek AS will move in during the first part of 2020 and will lease all parts of the property.
“It feels great to announce that we have signed an agreement with Motek AS, which will be the new tenant at Fjellbovegen 9. Following planned tenant improvements on the property at the end of 2019, we look forward to Motek AS moving in at the beginning of 2020. Berger is an area attractive to tenants and Logicenters has focused on finding a tenant able to lease the entire property, something we have now succeeded in doing,” says Jørgen Bråten Nordby, Commercial Manager, Logicenters Norway.
The property is ideally situated at Fjellbovegen 9. Of a very high standard, it has a spacious loading yard including 18 loading docks. Berger is considered to be the most attractive logistics location along Oslo’s northern logistics corridor. Logicenters’ property is located in close proximity to the E6 motorway, which extends from Oslo to Gardemoen airport and further into Norway. Its proximity to the Alnabru terminal, which is Oslo’s main terminal for cargo handling and transport, increases the attractiveness of the area even more.
For the past two years, Logicenters has invested heavily in its project development department, more than doubling the number of employees. Under the leadership of the company’s Head of Development, Eva Sterner, the department will expand further and scale up initiatives in both area efficiency and environmental work. However, Eva Sterner would also like to attract more women to a male-dominated industry.
With a PhD under her belt and a background as Technical Director Due Diligence at WSP and Managing Director at Watts, Eva began working at Logicenters seven years ago. According to Eva, it is the growth journey, a steady flow of interesting projects, and above all, her colleagues who have been significant reasons behind her becoming a long-term presence at Logicenters. In recent years, both Logicenters and her own department have grown significantly. According to her, this is both because the organisation is flexible and has great ambitions, but also because Logicenters is comprised of people who are driven to do things in new and innovative ways.
Eva Sterner is currently head of Logicenters’ project development department, which has expanded from two to eight people since 2017, with further recruitments planned. Central to this future development is the continued ability to attract talent, with Eva particularly wishing to encourage more women and girls to apply to the logistics industry. An industry which has until now been male dominated.
“I am proud to work for a company with such great ambitions and which allows all its employees to grow. As I personally had no female role models in the logistics industry, I would like to be a role model for girls wanting to work at smart logistics properties. For this to be possible, female employees must be both encouraged and promoted. I believe that Logicenters does this every day, which is something I see as both modern and important,” says Eva Sterner, Head of Development at Logicenters.
The project development department has a great responsibility regarding procurement, contact with tenants, property development and the contractual parts of the works contract. The department is constantly striving to find newer, smarter ways to develop modern properties, where 30-metre high-bay warehouses and energy audits exemplify innovative initiatives from Logicenters. With regard to energy efficiency, Eva plays an important role in Logicenters’ work to reduce its carbon footprint. Something which she finds customers are appreciating more and more.
“I am finding that there is increasing focus on the environment within the industry, something which I am very pleased about. We often coach our customers on issues regarding reduced energy consumption, not least by conducting energy audits, and we are finding that we are being listened to. It is my ambition to continue to drive this development forwards in order that we can offer even smarter and more energy-efficient logistics properties with as low a carbon footprint as possible. Being able to lead this development in an organisation where both colleagues and management support my ambitions is something of which I am very proud and something that makes Logicenters an attractive workplace and company,” concludes Eva Sterner.
Logicenters is expanding at a greater rate than ever before. With a total of nine logistics facilities under development, the company is strengthening its position in the Nordic market significantly. The total area currently being developed by Logicenters amounts to a total of 227,000 m2, with several LOIs also having been signed.
Logicenters is a leading developer and owner of modern logistics facilities in the Nordic region. In August 2018, the total holding of logistics space amounted to 1.6 million m2. This figure continues to rise and Logicenters currently has nine ongoing development projects totalling 227,000 m2. Of these, six are in Sweden, two in Denmark and one in Finland. In addition, LOIs have been signed for an additional 210,000 m2, including a 110,000 m2 facility for Axfood in Bålsta, Sweden.
“I am incredibly proud of Logicenters’ success. It is thanks to a strong team and a unique operational flexibility that we have been able to grow at the pace we have. This current expansion is enabling us to increase our presence in important logistics hubs and a natural consequence of this is that we need further reinforcement of the team. We are now looking for project developers for several of our development projects,”says Matthias Kettelhoit, Commercial Head at Logicenters.
A sustainable focus
Sustainability is one facet of today’s Logicenters development projects. Energy-efficient solutions and solar panels on roofs are examples of recurring specifications in the construction of new properties. According to Logicenters’ Head of Development, Eva Sterner, the sustainability strategy is an important success factor.
“Reducing our carbon footprint to the greatest possible extent is of the utmost priority to us. Our sustainability strategy integrated in the logistics portfolio enables us to help our customers reach their climate goals, something that we know is appreciated. The great interest in our facilities is a confirmation that we maintain a high standard of development and we will continue to work to meet the functional and sustainable logistics needs of tomorrow,” says Eva Sterner, Head of Development at Logicenters.
Logicenters has expanded its property portfolio in Norway with the acquisition of a newly developed logistics facility in Råde, Norway. The purchase was signed with futures contracts and now the 8,000 m2 facility is ready for the tenant New Wave to move in.
In June 2017, Logicenters signed an agreement with Fauna Eiendom AS for the acquisition of a planned new development of a property in Råde, Norway. The 8,000 m2 logistics facility is now ready for the tenant New Wave to move its operations into it. The development of the facility has resulted in 1,500 m2 of office and exhibition space, as well as 6,500 m2 of warehouse space.
– We are delighted that the new modern facility for New Wave in Norway has become part of our logistics property portfolio. As the largest owner of modern logistics facilities in the Nordic region, we have high growth ambitions in Norway and also completed a deal for 44,000 m2 in Vestby during the year, says Jørgen Bråten Nordby at Logicenters in Norway.
Located around 70 kilometres from Oslo and close to the E6 motorway, the logistics facility has a strategically important position in Råde. The property is located at Torvstikkeren 10.
– We are proud to have delivered a modern logistics facility and head office in Norway for New Wave in association with our contractor Norbygg. New Wave has impressed throughout the process and there is no doubt that the company will perform even better in its new facility. With such an expert and professional developer as Logicenters, we are also convinced that the property will be in the best hands for the future. This will enable us to redistribute resources to other exciting development projects we are working on, including 500,000 m2 in a future logistics area along the E6 in Nedre Romerike, says Rasmus Os at Fauna Eiendom AS.
New Wave Group is listed on the Swedish stock exchange and is primarily active in the development and sale of various textile products aimed at the the corporate market. The company also owns the Craft sports brand.