Prologis signs 26,000 m² built-to-suit agreement in Sweden (SE)

Prologis, Inc., the global leader in industrial real estate, announced it has signed a 280,000 ft² (26,000 m²) build-to-suit agreement with Strålfors, one of Sweden’s leading logistics companies.
“Strålfors will operate this space for CDON Group, a major e-commerce enterprise,” said Stefan Lager, head of the Strålfors fulfilment division.
“Prologis’ state-of-the-art distribution center will support efficient distribution throughout the Nordic region and allow CDON to streamline operating costs.”   Prologis Park Ljungby DC 1 is adjacent to the E4 motorway in the south of Sweden and offers direct connection into Denmark and Sweden’s major metropolitan areas.
“E-commerce in Sweden is at an earlier development stage relative to other countries in Europe,” said Allan Lavén, first vice president, Prologis Nordic. “We are pleased to provide Strålfors with a high-quality facility that will support the growth of this important sector.”
Prologis is a leading provider of logistics facilities in Sweden with approximately 3.8 million ft² (354,000 m²) of logistics and distribution space as of Sept. 30, 2014, all of which is 100% leased.
Source: Prologis

Related News