Logistics real estate company Prologis expanded its presence in Sweden’s Arlanda City by acquiring the park’s last undeveloped plot of 24,000 square meters. The company plans to start construction of a new logistics building of at least 12,000 square meters on the site. The project will meet high demands for attractive logistics spaces in a market with an extremely low vacancy rate.
Prologis Park Arlanda has nearly 130,000 square meters of existing logistics space in five buildings owned and managed by Prologis. The 7,500 square meter expansion of Arlanda City DC1, to be finished around the end of the year, will make the park’s development complete.
“We are currently fully leased,” says Gunnar Gillholm, country manager Prologis Nordics. “With this project, we can meet some of the demand for modern logistics spaces in this attractive area.”
The logistics park is in the perfect location: 5 kilometers from Arlanda Airport and only 30 minutes from central Stockholm. Proximity to the E4 highway, the rail network and the airport are also key factors in the area's attractiveness.
Sustainability in focus
Prologis strives to lead the industry in sustainable development with buildings designed to minimize waste, as well as energy and water use. Park Arlanda DC6 will be built to BREEAM “Very Good” standards, and the project’s carbon footprint will be offset through the Cool Earth organization, which protects endangered rainforests.
“Together with our customers, we want to continue to strengthen both our customers’ and our own work with sustainability,” says Gillholm. “Sustainability is at the heart of everything we do, both nationally and globally, which is reflected in our inclusion on the list of the world’s 100 most sustainable companies.”
DLA Piper in Sweden has provided legal counsel.