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Slate acquires World Seafood Center in Norway for NOK 1.3bn
Rafaela Sousa

Rafaela Sousa

11 June 2024

Slate acquires World Seafood Center in Norway for NOK 1.3bn

Global alternative investment firm Slate Asset Management has announced the acquisition of the World Seafood Center, a seafood refrigeration and distribution facility, in Gardermoen, Norway.

The facility, purchased for around NOK 1.3 billion (approx. $121.5 million), is strategically positioned within Oslo Airport City (OAC), a prominent logistics hub.

The World Seafood Center, spanning 55,000 square meters, serves as a key player in Norway's booming seafood industry, the country's second-largest export sector. Situated in the rapidly evolving Gardermoen region, the facility boasts direct access to major transportation networks linking Europe, Asia and America.

According to OAC, the building will become the world's largest cold storage facility for seafood.

The centre operates entirely on renewable energy sources and is equipped with advanced technologies, including robotics and artificial intelligence, enhancing operational efficiency.

Sven Vollenbruch, managing director at Slate, said: “We are pleased to be increasing our exposure to European essential real estate with the acquisition of this premier cold storage and distribution facility. 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, ensuring it remains a major seafood export hub for years to come.”

The transaction is expected to close at the end of this month.

#WorldSeafoodCenter #SlateAssetManagement #Norway

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