In line with its vision for Airport City Göteborg, Swedavia has sold the last building rights available in Logistics Park 1 at Göteborg Landvetter Airport in Sweden to Nordiska Galleriet Properties AB – Swedens’ largest retailer of furniture, lighting and interior furnishings in the premium segment.
To meet the strong demand for logistics properties at the airport, work has now begun on Logistics Park 2, which will be twice the size of the original logistics park.
The sale of the building rights to Nordiska Galleriat Properties includes three land-owning companies with an underlying property value of around 17.4 million Swedish kronor. The transfer of ownership took place on 7 October.
“Naturally we are pleased that Nordiska Galleriat Properties and thus another operator has chosen to take part in the development of Airport City Göteborg,” remarked Stefan Stenburg, CEO of Swedavia Real Estate. “we are now seeing the rapid growth of a new hub for transport and logistics at the airport. The logistics properties now being planned will have easy access and good exposure next to the entrance to Göteborg Landvetter Airport.”
With Logistics Park 1 covering a total of 300,000 sq.m. some 95,000 sq.m. of new premises for warehouses and logistics have already been completed. A further approximately 20,000 sq.m. of office, business and warehousing premises will be created as a result of the recent sales over the next two years.
Stenberg added that there continues to be strong interest in establishing logistics operations adjacent to the optimal transport hub that the airport constitutes. “To meet this demand, Swedavia is now beginning work on Airport City Göteborg’s second logistics area, which will have twice as much space as Logistics Park 1,” he pointed out.
Located on the west side of the airport and covering around 700,000 sq.m. work on the zoning plan for the new logistics area will start in 2022. The goal is for the first building in the area to be completed in 2025.
“Our furniture operations in Molndal have seen very strong growth recently, and it feels good that we are now expanding our peroperty holdigns and gaining access to more storage capacity, which will facilitate continued growth for Nordiska Galleriet in the Gothenburg region,” said Per Sköld, CEO of Nordiska Galleriet Properties.