Logistic Contractor, part of the Wästbygg Group, has acquired 133,000 sqm of land in an industrial area just east of Enköping through the purchase of the project company Sneden AB. The purchase consideration is SEK 165 million and Logistic Contractor will take possession of the project company on 28 May. The seller is KGK Fastigheter.
“Our aim is to develop this land for one or two logistics or industrial operators within a three-year period. The location, in the middle of Mälardalen and with immediate access to the E18 motorway, is highly attractive and we know there is a demand to establish a business here,” says Benn Karlberg, CEO of Logistic Contractor.
Acquiring land, without first having signed a contract for a construction project with a client, represents a new approach for Logistic Contractor.
“We consider this step to ensure access to land in prime logistics and industrial locations to be a strategically important complement for Logistic Contractor’s continued development. We have now reached a market position where we feel we can confidently carry out this type of acquisition, which strengthens our competitiveness since we can also provide a complete solution with land, development and construction for our customers,” says Jörgen Andersson, CEO of Wästbygg Gruppen AB.
For further information, please contact:
Jörgen Andersson, CEO Wästbygg Gruppen AB
Ph +46 703 23 32 02, e-mail firstname.lastname@example.org,
Marie Lindebäck, Head of IR and Deputy Head of Sustainability
Ph +46 73 67 20 12, e-mail email@example.com
Benn Karlberg, CEO Logistic Contractor AB
Ph +46 73 920 17 70, e-mail firstname.lastname@example.org
The Wästbygg Group is a construction and project development company with operations in the most rapidly expanding markets in Sweden. We build and develop residential, commercial buildings and community service properties, as well as logistics and industrial facilities – always with a strong focus on sustainability.
The company was founded in 1981 in Borås. Today, Wästbygg has offices in Gothenburg, Stockholm, Malmö, Jönköping, Helsingborg and Varberg, as well as through the Group company Logistic Contractor in Copenhagen, Oslo and Helsinki. The Wästbygg Group is listed on Nasdaq Stockholm. In 2020 we had a revenue of SEK 3.8 billion and 310 employees.