Nordic Real Estate Partners (NREP) has announced the signing of a new long-term agreement with Dahl Sverige AB a company within the Saint Gobain group.
The agreement relates to the erection of a new high-specification distribution center to cater for Dahl's expansion needs in the region. NREP will commence the construction in July this year. The building will be ready for occupation in Q2 2012.
The agreement represents the second phase in the development of the approximately 75,000-m² property Veddesta 2:88 in Järfälla northwest of central Stockholm. The first phase was a development of a new 8,500-m² hub and head quarter for UPS who took occupation of its building the last week of May. When the Dahl development is completed the site will be fully utilized.
"We are very pleased to have attracted one of the world's leading players within construction material production and distribution, to our site in Veddesta. The agreement further strengthens the location and will be an important piece in completing the Veddesta Logistics Park.
"The location is a very attractive distribution hub with its excellent motorway accessibility and close proximity to central Stockholm," says Rickard Svensson.
Source: Nordic Real Estate Partners