Niam has signed an agreement with Wästbygg Gruppen's company Logistic Contractor, to acquire a logistics property that is under construction just north of Gardermoen in Oslo, Norway. The property, of approximately 64,000 square meters, is fully let to the installation distributor Ahlsell on a fifteen-year lease, whereby they will establish their new central warehouse in Norway. Completion of this new central warehouse is planned for summer 2025.
"We are delighted to once again cooperate with Wästbygg Gruppen and to be able to add yet another modern logistics facility to our Nordic portfolio. The deal has been achieved through a mix of forward funding and forward commitment and is an example of Niam's ability to structure deals in a way that suits all parties. Going forward, our expansion journey will continue and we are actively looking to acquire quality logistics facilities in strong logistics nodes around the Nordics", says Henrik Gerdin, fund manager at Niam.