NREP subsidiary Logicenters is to speculatively develop more space at Eskilstuna Logistics Park in Sweden following the letting of a large unit to “one of the world’s largest logistics providers”, understood to be Kuehne & Nagel.
K&N is thought to be taking space to service a contract with Amazon which heralds the online retailer’s long-awaited first physical presence with dedicated website in Sweden – currently Amazon.se redirects customers to the online retailer’s German site and delivery costs are correspondingly higher.
Amazon announced in early August that it had started work on the launch of Amazon.se. “Amazon has been supporting Swedish customers and selling partners across our different European stores for many years, but the next step is to bring a full retail offering to Sweden and we are making those plans now,” said Alex Ootes, vice president EU expansion at Amazon.
K&N’s lease is initially for 15,000 sq m but Logicenters said it is developing a further 15,000 sq m taking its Eskilstuna holdings to 51,000 sq m. The 420-hectare Eskilstuna Logistics Park currently comprises 36,000 sq m of built space.
Logicenters’ head Matthias Kettelhoit said: “We have several new projects under process in Eskilstuna and we see a bright future in the area. Our ambition is to acquire additional land in the area and to continue the expansion.”
Logicenters, formed by NREP in 2015, has a presence in Sweden, Denmark, Norway and Finland and where it has 1.3 million sq m of logistics space.
Logicenters has also just announced the purchase of further land in Vestby, Norway. This 100,727 sq m acquisition means that the company now owns 128,000 sq m of land for development in the area. Site preparation is currently underway and the first tenants will be welcomed in early 2022.