Urban Partners announced the sale of a portfolio of four newly developed logistics properties in Vestby and Moss, Norway, to KLP Eiendom in a transaction valued at NOK 1.8 billion. The deal represents the largest logistics transaction in Norway so far this year.
The portfolio comprises approximately 98,000 square meters of modern logistics space located in two of Norway’s leading logistics hubs. The assets include Toveien 19, Toveien 21 and Stormåsan 42 in Vestby, along with Vestre Vanemvei 51 in Moss.
All four properties are fully leased to a diversified group of tenants, including Schibsted, NTEX, H&M and Vinhuset. The portfolio has a weighted average unexpired lease term of approximately seven years.
Urban Partners developed the assets over the past four years. The buildings feature high technical and environmental standards, including EPC ratings, BREEAM certifications and solar panels.
Vestby and Moss are located south of Oslo along the E6 transportation corridor, providing access to domestic and international distribution networks connecting Norway with the broader Nordic region and European markets.
KLP Eiendom said the acquisition strengthens its position in the logistics sector and provides long-term value for its owners in Norway’s municipal and healthcare sectors.
Colliers served as sell-side advisor to Urban Partners, while Wikborg Rein acted as legal advisor on the transaction.
KEY QUOTES:
“We are pleased to complete the sale of this portfolio to KLP Eiendom. The assets reflect Urban Partners’ strategy of developing modern, future-proof logistics properties in strong locations for high-quality tenants. The strong interest throughout the process underlines the continued demand for well-located logistics assets with a resilient tenant base and long lease terms. We are delighted that the portfolio will be owned by KLP Eiendom, a well-respected Norwegian institution with a strong long-term track record.”
Jens Petter Hagen, Partner and Head of Urban Partners Norway
“This is an investment that strengthens our position in a growing and attractive logistics segment. With a strategic location and efficient distribution capabilities both nationally and internationally, we believe this represents a solid investment for our owners in the municipal and healthcare sector in Norway.”
Tov Sønsterud, Investment Director, KLP Eiendom
