OAC and Nrep announce major partnership at Gardermoen

Oslo Airport City (OAC) and Nrep’s logistics platform, Logicenters, have entered into a joint venture and partnership agreement to develop OAC’s logistics park in Gardermoen business park (Ullensaker municipality) The collaboration involves a land bank of approximately 480,000 sqm gross area, with 353,000 sqm designated as developable land. The area was fully zoned earlier this summer.

The partnership aims to develop modern and attractive logistics and warehouse facilities over the coming years. OAC and Nrep are already in dialogue with several potential tenants for upcoming development projects.

Gardermoen has established itself as Norway’s most attractive logistics and distribution hub, with close proximity to Oslo Airport and major highways such as the E6 and E16. The Logistics Park is centrally located in Gardermoen Business Park, one of the largest development areas in Norway.

Currently, Gardermoen Business Park houses nearly 280,000 sqm of logistics, warehouse, and retail facilities, with an additional 100,000 sqm under development. Key tenants in the area include COOP, Porsche, Mowi, Felleskjøpet, OneMed, GF Logistikk, Møller, Grieg Seafood, Volvo, and Sport 1.

“The Logistics Park is one of the few remaining large scale development areas for logistics, warehousing, and retail in the Greater Oslo region. The area’s unique infrastructure attracts a wide range of tenants, whether they need large, efficient logistics buildings or smaller spaces. We are very pleased to announce Nrep/Logicenters as our partner for the further development of OAC’s substantial northern area. Nrep Logicenters is one of Northern Europe’s top developers in this sector, which has become a major and vital segment within commercial real estate” says Henrik Danielsen, CEO of OACleading and most accomplished developers of these types of properties, which have become a significant and vital segment within commercial real estate”

“Gardermoen has long been an area of great interest to both us and potential tenants, and we are very excited to finally announce a partnership with OAC. They possess one of the most attractive and significant logistics land banks north of Oslo. We look forward to a collaboration where we complement each other well, and to offering tenants an exciting range of logistics and warehouse properties at Gardermoen, all with a strong sustainability profile” Says Jens Petter Hagen, Country Manager for Nrep in Norway and Fund Manager for NSF V.

Colliers acted as the financial advisor, and Thommessen as legal advisor for OAC in establishing the partnership. Schjødt represented NREP/Logicenters during the process.

For more information:
Henrik Danielsen, CEO, OAC (+47) 465 00 988 | henrik.danielsen@osloairportcity.no
Jens Petter Hagen, Country Manager, Nrep Norway and Fund Manager for NSF V (+47) 482 78 731 | jeha@nrep.com

About OAC:
Oslo Airport City AS is a major property owner in Gardermoen Business Park, with approximately 660,000 sqm of developable land. Around 90% of the land bank is fully zoned. Since its inception, the company has completed approximately 70,000 sqm of buildings, with an additional 11,000 sqm under construction. The company aims to develop commercial properties across various concepts and establish Oslo Airport City as a new destination at Gardermoen.

About NREP:
Nrep is a real estate investor driving meaningful change for people and the environment. The company invests across real estate segments, focusing on residential, commercial, logistics, and healthcare properties, with a holistic approach and innovative strategies. Nrep employs 400 people across Europe and manages 8 million sqm in Denmark, Finland, Sweden, Norway, Poland, and Germany. Nrep is part of Urban Partners, an investment platform comprising visionary companies addressing contemporary urban challenges. For more information: www.nrep.no

About Logicenters:
Logicenters is a leading developer and owner of modern logistics facilities, operating in Sweden, Denmark, Norway, Finland, Poland, and Germany, with more than 2.5 million sqm of logistics space. Logicenters develops, renovates, and owns cutting-edge logistics properties in prime locations. All properties meet high standards of quality, efficiency, and flexibility, required by world-class logistics companies. Logicenters was founded by Nrep in 2015. For more information: www.logicenters.com.