The seller is the real estate arm of Sortex of Sweden AB, the owner of the current tenant, Sevan, a market leader in World Foods. 
 
The acquisition has two components. The first is Prologis acquires a 6,200 sqm logistics property in Upplands Väsby, ideally located next to E4 and only 20 minutes from the center of Stockholm. It will be leased back to Sevan for one year and Prologis will subsequently seek new tenants for this logistics property that is attractively positioned for Last Touch® distribution activities.
 
The second is a forward commitment to acquire a new 10,100 sqm facility. The building will be developed adjacent to Prologis’ DC1 building in Rosersberg, just a few minutes from Stockholm Arlanda Airport and 30 minutes from central Stockholm. The facility will be leased to Sevan on a long-term contract. 
 
The new facility in Rosersberg will be environmentally certified, including LED both inside and outside, ESFR sprinklers, 11,5 meter clear height and a 55 meter deep truck court.
 
Together with Prologis Arlanda logistics park and Jordbro DC1, Prologis now has over 135,000 sqm under management in the Stockholm region, with additional land available for further construction.
 
“We are pleased to close this transaction and at the same time be able to welcome a new customer. Expanding in Sweden, and in the important Stockholm region, is one of our core priorities. The acquisition is also in line with our growth strategy in the Swedish market,” says Bram Verhoeven, Regional Head Northern Europe.
 
Sevan produces, imports and sells food from all over the world.
 
“Our business is growing steadily, and we needed more space to facilitate our expansion. The deal is the result of a successful cooperation with Prologis, where we have worked as a team, both technically for the new development and as a business solution,” says Michael Maroutian, CEO at Sortex of Sweden AB.
 
Prologis was advised by Nordic Gatekeeper and DLA Piper. Sevan was advised by Rosengren & Co and MAQS.