"The demand for logistics properties with this location has been very high for a long time, which is also reflected in this process. This has been a successful investment for the company's shareholders, and we are very pleased to hand over the portfolio to this newly established company with significant experience and expertise on the team," says Finn Erik Røed, Chairman of the Board of LogCap Oslo.

LogCap Oslo AS has approx. 50 shareholders.

LogCap Oslo was established in 2020 by OroEiendom and Colliers. The company has built a portfolio of 14 logistics and commercial properties in the triangle Drammen-Langhus-Lillestrøm around Oslo in a short period of time. The locations are considered as some of the most attractive hubs for "last-mile logistics" around the Norwegian capital.

"The goal has always been to build a quality portfolio of logistics property with a very good location. We have been careful in the selection of properties and ensured that they harmonize well with the rest of the portfolio," says Røed.

In total, the portfolio has a gross lettable area (GLA) of approx. 150,000 square meters with logistics, warehouse, and combination buildings. The portfolio has immediate access to main roads and public transport networks, which covers as many as 2 million people within a radius of one hour's drive. This corresponds to 37% of the Norwegian population.

LogCap Oslo has a diversified tenant mix of approx. 80 tenants, and the average remaining lease term (WAULT) is 5.2 years (8.2 years including options) with 100% inflation adjustment.

The company has also significant development potential with more than 16,000 square meters of expansion opportunities on existing land on Gjelleråsen and Langhus.

Anne-Jan Jager, Managing Director, Private Real Estate Europe, Partners Group, says:

"We have been tracking the logistics sector in Norway for some time through our thematic investing approach and following LogCap’s development since early 2021. We plan to capitalize on strong occupier demand and limited new stock to create a leading last mile logistics platform in the country. This investment in LogCap is a great starting point as it provides instant access to scale, vertical depth, and sourcing capabilities in the capital."

Pangea Property Partners has been financial advisor and Advokatfirmaet Thommessen legal advisor for LogCap Oslo.