Urban Partners has acquired fully leased logistics properties in Fjellbo, Norway, from Blackstone, enhancing its strategic presence in the growing Norwegian logistics market.

Target Property Overview

The properties under consideration are situated in Fjellbo, a strategic location just north of Berger, which serves as a significant logistics hub within the Greater-Oslo region. These properties are fully leased, with Bako AS, a subsidiary of Orkla Food Ingredients AS, as the main tenant. Bako AS specializes in producing packaging and decorative solutions for the bakery, pastry, and food-service sectors.

Industry Overview in Norway

The logistics and real estate sectors in Norway have witnessed substantial growth, driven by increasing consumer demand for e-commerce and efficient supply chain solutions. With Oslo being a vital logistical center, the Greater-Oslo region benefits from a robust infrastructure, including well-connected transportation networks that facilitate the swift movement of goods.

Norway's strategic geographical location further enhances its role as a gateway to the Nordic and European markets. This position