AXA IM Alts extends Nordics logistics footprint with €125m acquisition

AXA IM Alts has acquired, on behalf of clients, two prime logistics properties in Oslo, for €125 million ($137 million), from Nordic property owner and developer Fabritius Gruppen.

The single-tenant assets, constructed between 2019 and 2023, total 83,000 square meters (893,405 square feet) and 23,000 square meters (247,570 square feet) respectively, and are 100 percent occupied by Norway’s largest discount retailer and an international freight forwarding and logistics provider, with a combined WAULT of more than 10 years.

The properties are located at the Moss Næringspark business park, a well-established logistics cluster in South Oslo. They benefit from exceptional transport connectivity, with direct access to the E6 highway, the main motorway connecting Norway and Sweden, and Northern Europe, as well as the Port of Moss, one