Prologis European Properties Fund acquires new distribution facility in Sweden from DFDS Transport

ProLogis, a leading global provider of distribution facilities and services, announced today that the ProLogis European Properties Fund acquired a newly developed distribution facility in Sweden totaling 20,000 m² from DFDS Transport AB. A major European transport and logistics company, DFDS Transport will lease the building.

The new facility is located in the Händelö Industrial Area, less than 2 miles (3 km) from the center of Norrköping with excellent multi-modal connections by means of road, rail and waterway. Norrköping is a major distribution hub for Central Sweden and a major port for goods transported to and from the Baltics. Other major companies in the greater Norrköping area include: Ericsson, Saab, Whirlpool, Saab Aircraft, ABB, Philips, Proctor & Gamble, Bosch, and Goodyear.

According to Robin von Weiler, managing director of ProLogis 'We have identified Scandinavia as a logical extension of our European network of customer driven distribution facilities.' Von Weiler added, 'This transaction with DFDS Transport is an excellent way to enter this market where a large number of our international customers are located. We look forward to a long-term relationship with DFDS Transport.'

Henrik Holm, Managing Director, DFDS Transport, said, “Our core business is transport and logistics. We want to invest in our business and not bind capital in real estate. Therefore we are very happy to cooperate with a leading and competent provider of integrated distribution facilities such as ProLogis.”

DFDS Transport is a member of the DSV Group of Companies, which is an international transport and logistics organisation with a considerable market position in the Nordic countries, United Kingdom, Ireland, France, the Netherlands, Belgium, the Baltic States, Poland, the Czech Republic, Slovakia, the Far East and the U.S.

(source: Prologis)

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