Prologis Signs 280,000 Square Foot Build-to-Suit Agreement In Sweden

Prologis, Inc.

, the global leader in industrial real estate, today announced it has signed a 280,000 square foot (26,000 square meter) 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 expansion of this important sector in the region." Prologis is a leading provider of logistics facilities in Sweden with approximately 3.8 million square feet (354,000 square meters) of logistics and distribution space as of Sept. 30, 2014, all of which is 100-percent leased.