Aberdeen Standard Norway Balanced Property Fund acquired a logistic portfolio with two assets at Vestby and one at Lindeberg

The facility at Lindeberg is a brand new ~7 280 sq.m. storage and production facility let on a 15 year lease to Allimenta, whereas the two assets at Deliveien 5 at Vestby are ~8 640 sq.m. combined and with WALT of 9.6 years (12 + 6.4) with Iron Mountain as the major tenant.

Akershus Eiendom acted as the sell-side advisor for Bulk, while Haavind acted as legal advisors. Aberdeen Standard Norway Balanced Property appointed Arntzen de Besche as their legal advisor

Bulk Industrial Infrastrucure is a leading provider of sustainable digital infrastructure in the Nordics. They are an industrial investor, developer and operator of industrial real estate, data centers and dark fiber networks.

Aberdeen Standard Norway Balanced Property is designed for high-net-worth individuals, family offices, foundations and institutional investors with a strategy to invest in retail, office and industrial/logistics properties in Norway. The fund is one of many within Aberdeen Standard Investments, one of the largest global real estate managers.