News

07.03.2023



RELOG's subsidiary Sandmoen Utvikling has constructed a building of 10.600 sq.m. GBA. The building is certified to BREEAM Very Good and Energy Class A. Half of the building is a new bakery for the tenant Mesterbakeren.



Mesterbakeren in Trondheim has just under 55 full-time employees, and currently uses tree different premises for today's production, which are now co-located. The new bakery for Mesterbakeren will supply REMA 1000 with fresh baked goods in the region from Tynset in the south to Steinkjer in the north.



Mesterbakeren is a supplier of fresh bread and baked goods to REMA 1000 throughout Norway, and delivers daily to REMA 1000 from 20 local bakeries. In line with the company's sustainability strategy, a rooftop solar system has been established that will supply the bakery's refrigeration and freezer system.



In the project's construction period November 2021 – February 2023, there have been 45.000 man-hours and no personal injuries. Næringsbygg AS has been the general contractor and Trym Anlegg AS on outdoor work.

RELOG with new BREEAM Very Good building for Mesterbakeren

06.03.2023



K2-RELOG Industrieiendom has entered into a long-term lease agreement with VMS Stavanger for a new building for Volvo Maskin Service in Vagle. Construction start in the fourth quarter of 2023.



The Volvo Maskin Service property is centrally located in Vagle Næringspark, and is the first new building to be completed in Vagle Næringspark phase II.



The facility will consist of approx. 3.200 square metres building mass of approx. 11 acres of land, adapted to Volvo Maskin Service's operation. The project has a high focus on energy-efficient solutions and self-production of energy will be considered in the design phase. In the project, HOLON Arkitektur and Total Betong have been selected as the project's architect and general contractor, respectively.



Illustration: HOLON Arkitektur

New build for Volvo Maskin Service at Vagle

10.02.2023



This week Prime Minister Jonas Gahr Støre laid the foundation stone for Campus Kristiansund. The property company Devoldholmen Utvikling AS is the owner and developer of Campus Kristiansund. The company is owned by RELOG, Reitan Eiendom and Bane NOR Eiendom. General contractor is Betonmast. Campus Kristiansund is a joint environment for research, innovation and education in Nordmøre. It is centrally located on Devoldholmen in Kristiansund, right by the public transport hub.



Building stage one consists of six floors and a basement and contains approximately 20.000 square meters. A total of three construction stages are planned, the first of which will be completed in 2024.



Campus Kristiansund will be a sustainable and future-oriented building. The building consists of solid wood, and the technical facilities are installed according to the LowTech ventilation principle and with sea-based heating points, for the most energy-optimal operation possible. Campus Kristiansund will be in energy class A, and the first building in Møre and Romsdal to be certified in line with the BREEAM Nor Excellent standard.



Photo: Per-Kristian Bratteng/MRFK 



Film: Heine Schjølberg/Studio400 as

The Prime Minister laid the foundation stone for Campus Kristiansund

30.01.2023



This week, the planning case for a new police station at Kjelsrud was approved in the City Council. RELOG entered in 2021 into a lease agreement with Oslo Police District, Unit East, on a new police station at Kjelsrud. The police station will replace the current stations at Stovner and Manglerud. The building will be in total 18.000 sq.m. including option areas for future expansion. Construction starts in February 2023 and completion is autumn 2024. Hent has been selected as general contractor for the project. The police station is the first new establishment in the Kjelsrud area and the decision by the regulatory plan is an important milestone for RELOG's further development and transformation of the Kjelsrud area.

RELOG builds police station at Kjelsrud

18.10.2022



RELOG AS and Plastretur have entered into an agreement on the establishment of a new plastic sorting facility in Holtskogen Næringspark, which is 30 minutes in distance from Oslo. The project, which has a total investment of approximately MNOK 650 and can sort up to 90.000 tonnes of plastic a year, will contribute to a change of pace in the Norwegian circular economy for plastics.



This is primarily an important project for plastic handling in Norway, where the majority is sent abroad for sorting. Holtskogen was chosen amid strong competition from other potential properties, and we are therefore very satisfied that Plastretur chose Holtskogen Næringspark and RELOG as a collaboration partner.



Synergy effects and environmental focus RELOG has a strong focus on providing good infrastructure in its business parks in Norway, which in turn attracts solid players such as Plastretur. With the right location, this type of operator saves transport costs and the environment, which is of course important in the future. In addition, we want to create positive synergy effects with the players established in the business park. At Holtskogen, for example, we collaborate with Østfold Energi to find energy-efficient solutions where we can use excess heat from the data center in the business park, which can in turn be used to heat water and air for future establishments.



Work is now underway on the design of the building with the aim of completing the framework application in October 2022. The final investment decision on whether the plant will be built will be made at the beginning of 2023.

Norway's first sorting facility for plastics is being established at Holtskogen

28.03.2022



RELOG's position as a leading logistics player in the Nordic region is the result of over 20 years of long-term and solid work. The company is now reaping the benefits of this work in a hot logistics market.



For the year 2021, RELOG has a profit before tax of NOK 1.3 billion. The value of total assets in the balance sheet is now approximately NOK 14 billion adjusted for ownership interests in associated companies.



Rental income is expected to increase significantly in the years to come from the current annual "run-rate" which has exceeded NOK 500 million. The CEO of RELOG, Christian Wist, comments: “We are very pleased with the result for the year 2021 and we are optimistic about the future. The expected increase in rental income is largely driven by the company's project portfolio, which is of significant size. The project portfolio ensures RELOG a stable and good growth in revenues and values ​​in the years ahead ».



One of the major events during the year 2021 was the transaction with a major portfolio purchase of properties for approximately NOK 1.3 billion with a net weighted yield of approx. 6%. The portfolio consists of seven properties in the Nordic region within warehousing, logistics and light industry. The transaction was strategically important for RELOG as it increased the geographical diversification of the real estate portfolio. In addition, this portfolio of high-quality real estate combined with attractive development opportunities will support the company's future growth ambitions.

1.3 billion in profit before tax for the year 2021

1.mars 2022, RELOG took possession of our first recently completed building in Sweden and handed it over to our tenants the Sono Group.



The property is centrally located next to the main road in Tranås, halfway between Jönköping and Linköping. The building is just over 21.500 sq.m. It has a large storage area of approx. 20.150 sq.m. with a clear height of 8,5 m, and 17 loading bays. There is also approx. 1.350 sq.m. office space in the building. The site is 80 decares, and has potential for further development.



RELOG has major plans to expand. Our aim is to become a leading operator within the development In accordance with RELOGs sustainability strategy, the building has a BREEAM certification of “Very Good”. The property received a good score for innovation, use of materials, energy and waste disposal. The property will be managed by RELOG Drift.



The property will be the headquarter and main warehouse for the Sono Group. Sono is a complete supplier of furniture for offices, warehouses, workshops and changing rooms. They are one of Scandinavia’s leading project suppliers of this type of furniture for both private and public customers. The new main warehouse in Tranås is a co-location of the 6 existing warehouses in Sweden. Sono is a part of the Norwegian company Frigaard Gruppen. Sono is already a tenant in one of RELOG’s warehouse properties just outside Sarpsborg.

RELOG takes possession of a new warehouse in Sweden

RELOG is a continuance of the two companies NHP Eiendom and Login Eiendom. The new company will generate an annual rental income of more than NOK 500 MM through an emphasis on warehousing, logistics and light industry.



Login Eiendom has a robust cash flow and is mainly engaged in REMA 1000’s distribution centres. NHP Eiendom, on the other hand, has mainly developed properties aimed at urban development and industry and logistics destination building. NHP Eiendom has a considerable development potential through its extensive property portfolio. Combined, Login Eiendom and NHP Eiendom will form a company with a robust foundation for further growth and value development.



RELOG has major plans to expand. Our aim is to become a leading operator within the development and letting of commercial properties, focusing on warehousing, logistics and industry near central hubs in the Nordic countries.



The company’s majority shareholders are Reitan Eiendom, Ursus Eiendom, Persson Norge, Bai, Lyng Gruppen, Heglund Holding, Stiftelsen Fritt Ord and Forstaden. Our main office will be in Trondheim, with divisions in Oslo and Sandnes.