NIB finances Coop’s main logistics centres in Norway

The Nordic Investment Bank has signed a ten-year NOK500 million (about $55.9 million) loan deal with Coop Norge for the expansion and development of its two main Logistic Centres located close to Oslo, Norway.

Coop’s logistic centre CLog, near Oslo Airport, has reached maximum capacity and will be expanded by 33,000 square meters from the current 52,000 square meters. Once finished, CLog 2.0 will become the largest and most advanced logistic center in Norway.