Press release -
Fabritius sells two large logistics properties in Moss
Fabritius divests two prime new logistics properties in Moss Næringspark for a combined gross property value of approximately NOK 1.5 billion. The properties are acquired by the AXA IM Alts, a global leader in alternative investments with c. €185 billion of assets under management, on behalf of clients.
- We are pleased to complete Fabritius’ largest transaction ever. We take great pride in the development of these buildings in collaboration with our tenants, Europris and JAS. Fabritius remains committed to its ambition to grow within development of warehousing and logistics in Eastern Norway, and this sale strategically positions us for further expansion in this sector, says Asgeir Solheim, CEO of Fabritius.
High-quality assets with excellent location in a growing logistics cluster
Both logistics properties are situated in Moss Næringspark – a business park under substantial development in the coming years. With immediate proximity to important transportation hubs like highway E6, the main axis between Norway and Sweden, Port of Moss and Norway’s first dry port, the location is highly attractive for logistics players.
The properties acquired by AXA IM Alts have a total gross lettable area (GLA) of approximately 106,000 square meters and have been built to high technical and environmental standards.
The largest property, Vestre Vanemvei 40, at 82,782 square meters, is considered one of Norway’s largest and most advanced logistics facilities and is let to Europris, Norway’s leading discount variety retailer, which is listed on Oslo Stock Exchange.
The second property, Vestre Vanemvei 15, comprises 23,211 square meters of high quality and flexible logistics space. The property is let to JAS Worldwide, an international freight forwarding and logistics provider in Norway.
The properties have long-term leases with a WAULT of approximately 11 years.
Colliers acted as sell-side advisor and Føyen as the legal advisor to the seller in the transaction.
For more information:
Asgeir Solheim, CEO, Fabritius, (+47) 95768648, e-mail: asgeir.solheim@fabritius.no
About Fabritius: Fabritius Gruppen, with its subsidiaries, is a prominent real estate player in Norway. Primarily focused on the Greater Oslo region, the company owns properties and land plots zooned for development of combination properties, including logistics, offices and production facilities. Fabritius Gruppen own a total of 1.900.000 square meters land, with 320.000 square meters under active management and an additional 750,000 square meters land for future development. Currently, Fabritius has six warehouse- and logistics projects under construction. The company’s property portfolio has a market value of approximately NOK 8.800 million. Since 1991, the Fabritius Group has been involved in investment management and project development within the real estate sector, and during this period the company has conducted a considerable number of projects. The Fabritius Group is 100% owned av Gjelsten Holding.
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