Prologis Signs 33,000 Square Meter Lease in Örebro
Gothenburg – 18 April 2018 – Prologis, Inc., the global leader in logistics real estate, today announced that it has signed an agreement for a 33,000 square meter distribution facility with KGA Logistics AB, one of Sweden’s market leaders in distribution of beverages. KGA Logistics AB will move their business to Örebro during the autumn. In the meantime, the building, DC1, will undergo a substantial renovation and will be upgraded for better sustainability and functionality.
KGA Logistics AB is an independent subsidiary of Galatea AB and part of the restaurant distributor, Martin & Servera Group. Their biggest client is Systembolaget. The move means that they will almost double their warehouse capacity and bring their business and around 60 employees to Örebro.
“Our decision to move to Örebro is mainly due to the flexibility that Prologis offers with the lease and the possibilities the structure of the building gives us to work more efficiently. Our company is rapidly expanding and in dire need of more logistics space. We want the possibility of expanding in the same location, which Prologis is able to offer us. Örebro’s strategic location is another reason for us to go ahead,” says Roger Törnqvist, CEO of KGA Logistics AB.
To meet Prologis’ high quality and sustainability standards, the building is currently being renovated and will undergo a substantial upgrade, following the moving out of the previous tenant earlier this year.
“We develop modern facilities, but also renovate older distribution centers as we always want to offer state-of-the-art logistics facilities to our customers. Renovations are an important and integral part of our business strategy and an example of our long-term focus. It adds extra value to the building and in this case it was one of the reasons that convinced our new client to make the move,” says Bram Verhoeven, SVP, country manager, Prologis Benelux and the Nordics Prologis.
Prologis is one of the leading providers of logistics real estate in Sweden, with close to 500,000 square meters of logistics and distribution space as of December 31, 2017.