OAC selger World Seafood Center

Oslo Airport City har solgt World Seafood Center (WSC) til Slate Asset Management for 1,34 milliarder kroner.

WSC er et av verdens største sjømatlager, et nytt og topp moderne bygg spesialdesignet for lagring og distribusjon av sjømat. Byggets beliggenhet i det som er forventet å bli Norges største og viktigste logistikk-knutepunkt, gjør WSC til en svært attraktiv investering.

I en pressemelding uttaler Thor Thoeneie, administrerende direktør i Oslo Airport City, at selskapet er godt fornøyd med salget.

"Vi er veldig glade for at Slate har vist så stor interesse for utviklingen av området at de har valgt å kjøpe vårt største enkeltprosjekt foreløpig, i form av World Seafood Center", sier Thoeneie.

Han forteller samtidig at videreutviklingen av næringsområdet går fremover med full styrke.

"Vi er akkurat nå i ferd med å fullføre vårt fjerde bygg, i form av hovedterminalen til GF Logistikk. Vi planlegger også igangsettelsen av vårt femte bygg senere i år, for Grieg Seafood. Dette er to leietakere med lange kontrakter som vil bli nærmeste naboer til World Seafood Center, sier Thoeneie.

Sven Vollenbruch, managing director i Slate, har følgende kommentar til transaksjonen verdt 1,34 milliarder norske kroner:

"Vi er glade for å øke vår tilstedeværelse innen viktig Europeisk næringseiendom gjennom kjøpet av World Seafood Center. Dette bygget har etablert en sterk posisjon som en viktig del av den globale matforsyningskjeden, med distribusjon av høykvalitets norsk sjømat til forbrukere i Europa, Amerika og Asia".

Slate har investert aktivt i den europeiske eiendomssektoren siden 2016, og har vært involvert i rundt 1000 transaksjoner innen næringseiendom fordelt på seks europeiske land. Selskapet har i dag en portefølje på rundt 500 eiendommer.

Colliers, Thommessen og Vedal har vært OACs rådgivere i forbindelse med transaksjonen. Pareto Securities, Schjødt, CBRE, KPMG, BER og Agradblue (del av Westbridge) har vært Slate's rådgivere.

Les hele pressemeldingen på engelsk:

Slate Asset Management Acquires the World Seafood Center from Oslo Airport City for NOK 1.34 Billion

OSLO, 10 June 2024 – Slate Asset Management (“Slate”), a global alternative investment platform targeting real assets and Oslo Airport City (“OAC”), the developer of Norway ́s largest, most important, and centrally located business park at Gardermoen, today announced that Slate has acquired the World Seafood Center, a state-of-the-art, new build seafood refrigeration and distribution facility, located in one of the most prominent and well-connected logistics hubs in Norway, from OAC for NOK 1.34 billion.

The acquisition further scales Slate’s portfolio of essential real estate assets in Europe and expands Slate’s real estate footprint in the Nordics. OAC started the development in 2016 to serve as a transit-oriented development and the “Gateway to the Nordics”.

The seafood industry is the second largest and growing export industry in Norway and benefits from strong demographic tailwinds that are driving high demand for seafood industrial space in the region. The World Seafood Center is a 55,000 square meter facility strategically located in the rapidly developing Gardermoen region within Oslo Airport City with immediate access to main transport networks to Europe and the overseas markets in Asia and America. The property is let to some of the largest seafood tenants in the world under long lease terms indexed with CPI, which are expected to provide stable and resilient cash flows. The facility derives 100% of its energy supply from green and renewable sources and is equipped with robotics and artificial intelligence technologies, which further contribute to its high levels of operating and energy efficiency.

“We are pleased to be increasing our exposure to European essential real estate with the acquisition of this premier cold storage and distribution facility,” said Sven Vollenbruch, Managing Director at Slate. “The World Seafood Center has established itself as a critical part of the food supply chain globally, providing consumers across Europe, America, and Asia with access to high-quality Norwegian seafood. As global demand for sustainable seafood continues to grow, we look forward to working together with the leading tenants at the World Seafood Center to further enhance the quality, efficiency, and resiliency of this facility, ensuing it remains a major seafood export hub for years to come.”

OAC is leading the construction of a new destination in the area where the World Seafood Center is located, which is expected to become Norway’s largest, most important, and centrally located business park at Gardermoen. “We are very pleased with Slate’s interest in our development and acquisition of our largest development so far, the World Seafood Center,” said Thor Thoeneie, Chief Executive Officer of OAC. “Our fourth building is under construction, the new main terminal for GF Logistikk, and we are planning for our fifth new build for Grieg Seafood this year, both single tenant buildings on long leases as immediate neighbors to the World Seafood Center.”

One of the property’s largest tenants, Mowi, is the world’s largest seafood company listed on Oslo Stock Exchange. Mowi controls approximately 20% of global seafood distribution, selling their products in over 70 countries and supplying eight million meals around the world each day. As the world’s largest farmer of Atlantic salmon – one of the most eco-efficient and sustainable forms of animal protein available – Mowi has been ranked the most sustainable protein producer by the Coller FAIRR Protein Producer Index for five years in a row.

Slate has been an active investor in the European real estate market since 2016 and has transacted on approximately 1,000 commercial properties across 6 countries in the region. Today, Slate has a portfolio of around 500 essential real estate assets. Slate’s European real estate strategy is focused on acquiring, owning, and operating cash yielding, essential real estate assets, such as grocery; pharma or other healthcare services assets; and affiliated warehouses and logistics assets.

OAC represents today's most important destination development in Norway, in the form of a multicore, transit-oriented hub, where innovative, economically sustainable, and urban qualities become regional "growth drivers" in this long-term commitment to infrastructure. Currently OAC has over 76,000 square meters of logistics space under construction, with zoning to build up to 1 million square meters.

Colliers, Thommessen and Vedal advised OAC on this transaction and Pareto Securities, Schjødt, CBRE, KPMG, BER, and agradblue – part of Westbridge – advised Slate, which is expected to close at the end of June 2024.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.

About Oslo Airport City

Oslo Airport City is a destination developer that aims to build approximately 1 million m2 of commercial space, including logistics facilities, commerce, office spaces, industrial and processing, services, hotels, conference facilities and recreational spaces. Visit us at www.osloairportcity.no and on LinkedIn.