Logistic Contractor, a part of Wästbygg Group AB (publ), has been entrusted with developing and constructing wholesale company Ahlsell's new state-of-the-art logistics facility in Norway. Ahlsell will be the tenant in the facility and has entered into a fifteen-year lease agreement with LC, with an annual rent of approximately NOK 80 million. The facility, located in the municipality of Eidsvoll north of Oslo, spans 62,000 sqm and includes a high-bay section of 36 meters.

The construction value amounts to approximately 800 MNOK and is included in Wästbygg Group's order intake for the fourth quarter. In addition, Ahlsell will invest in an extensive automation system to be installed in the building. Ahlsell will have access to the entire 266,000 sqm plot in Eidsvoll that LC acquired in 2022, allowing for further expansion in the future.

Preparations for the construction have begun, and the facility will be completed by 2025.