Logicenters invests in Vestby development project (NO)

Logicenters is expanding its presence in Vestby, Norway, with a new land acquisition in the area totalling 27,000m². The company expects to develop a logistics facility of approximately 13,500m² at the newly acquired site, which is centrally located in Vestby Business Park. The deal marks another step at consolidation of its presence at strategic logistics hubs in the Nordic region.The company has also acquired additional land at Stormasen 42, in Vestby, just south of Oslo. It is expected that up to 70% of the 27,000m² site will be built on as part of Logicenters’ investment.

“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,” said Jens Petter Hagen, partner at NREP Norway.