Transactions - AUGUST 18, 2021

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Macquarie acquires logistics facility in Norway for €67m

by Released

Macquarie Asset Management has acquired a state-of-the-art logistics facility in Norway for €67 million ($78 million).

Heiaveien 8 is a 31,000-square-meter (333,681-square-foot) prime warehouse and distribution center strategically located approximately 25 minutes away from Oslo in the Heia Business Park. Opened on June 1, 2021, the newly developed four-story facility is equipped with the most advanced autonomous fulfilment technology system of its kind in Norway and is 100 percent leased for the next 15 years to Bohus, the country’s largest furniture retailer.

Dana Gibson, co-head of Macquarie Asset Management’s real estate team in Europe, said, “Europe’s supply chains are constantly evolving and have been further accelerated by the COVID-19 pandemic, which is expected to have long-lasting effects on ecommerce. This changing landscape supports our strong conviction for the region’s logistics real estate sector, with modern and strategically located facil

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