Urban Partners sells 4 prime logistics assets to KLP Eiendom for NOK 1.8 billion

Urban Partners sells 4 prime logistics assets to KLP Eiendom for NOK 1.8 billion

Urban Partners, a leading European urban investor has divested a portfolio of four newly built logistics properties in Vestby and Moss outside Oslo to KLP Eiendom. The portfolio consists of approx. 98,000 sqm of modern logistics space strategically located in two of Norway’s most attractive logistics hubs. With a property value of NOK 1.8 billion, the sale marks the largest logistics transaction in Norway this year.

- 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 forhigh-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, says 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 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, says Tov Sønsterud, Investment Director, KLP Eiendom.

The portfolio includes Toveien 19 (30,000 sqm), Toveien 21 (27,600 sqm) and Stormåsan 42 (17,800 sqm) in Vestby, as well as Vestre Vanemvei 51 (22,300 sqm) in Moss. All properties are fully let to a diversified and solid tenant base including Schibsted, NTEX, H&M and Vinhuset, with a portfolio WAULT of approx. 7 years.

The assets have been developed by Urban Partners over the last four years and hold a high technical- and environmental standard with EPC ratings, BREEAM certifications and solar panels.

Vestby and Moss are among Norway’s leading logistics hubs, located on the south axis of Oslo, along the main transport corridor (E6) connecting Norway with the rest of the Nordics and European markets.

Colliers acted as sell-side advisor and Wikborg Rein as the legal advisor to Urban Partners in the transaction.

For further information, please contact:

Josefine Topsøe, Corporate Affairs, Urban Partners:

+4521673965 / jotop@urban.partners

About Urban Partners

Urban Partners is a leading European urban investment manager, owner and operator with a 20-year track record of delivering strong, risk-adjusted returns through market cycles. We develop, actively manage and finance high-quality assets in prime locations across Northern Europe. Founded as Nrep in 2005, Urban Partners has €25 billion in assets under management through multiple strategies across the capital structure. We invest with high conviction in urban environments where we see strong, resilient economies and outsize growth potential.

Follow us on LinkedIn here: www.linkedin.com/company/urbanpartners