The portfolio consists of five properties totaling 77,000 sqm all of which are fully let. The properties are located in Stockholm, Eskilstuna, Borås and Jönköping. Prologis considers every location strategic for logistics due to excellent transportation within the Nordic market.
 
“The acquisition reflects Prologis dedication to the growing Swedish logistics market. The demand is high and since our establish in Sweden in 2002 we’ve had almost had 100 percent occupancy. This acquisition is an answer to the demand as well as a certificate of our strategy on this important market,” says Bram Verhoeven, Senior Vice President and Regional Manager of Prologis Benelux/Nordic.
 
“Prologis is a well-established company within the logistics market that always delivers on their promises. By selling to Prologis we feel safe that our customers will remain in good hands,” says Johan Eriksson, CEO of Estea.