Urban Partners acquired strategically located logistics properties in Fjellbo, Norway, from Blackstone, enhancing its footprint in the growing Norwegian logistics market.

Target Information

The properties are strategically located at Fjellbo, adjacent to E6 and just north of Berger, which serves as a significant logistics hub in the Greater Oslo area. Currently, the properties are fully leased, with the primary tenant being Bako AS, part of Orkla Food Ingredients AS. Bako AS specializes in the production of packaging and decoration solutions tailored for the bakery, pastry, and food-service sectors.

Industry Overview

Norway's logistics industry continues to experience robust growth, driven by the increasing demand for efficient supply chain solutions. The country benefits from its strategic geographical location, providing easy access to both European and global markets. Key logistics hubs, like the Greater Oslo region, are essential to fulfilling the rising needs of various industries, particularly in e-commerce and grocery delivery.

Additionally, the demand for logistics real estate has surged, fueled by the growth of online shopping and the need for rapid fulfillment of cons