Logistea snaps up Norwegian logistics asset for €40m
Sweden-based real estate company Logistea has acquired a logistics property in Bryne Næringspark near Stavanger, Norway, for NOK 480 mln (€40 mln).
The Industrivegen 1, gnr. 4, bnr. 85 property in Time Municipality was built in three phases, with the most recent additions in 2021 and 2025 comprising over half of the total area of 31,110 m2.
The property, which is equipped with solar panels, is fully leased to Home Brands for 15 years, generating an annual rent of NOK 36.2 mln (€3 mln). Home Brands has recently invested in an autostore system within the building.
The acquisition was financed through a combination of bank loans and Logistea's funds.
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