News

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.