The Port of Gothenburg is Growing - Land Acquisition Completed in Arendal

Source: www.gulfoilandgas.com 6/10/2022, Location: Europe

The Gothenburg Port Authority’s previously announced acquisition of a 108,000 square meter area in Arendal in the Port of Gothenburg has now been completed. The purpose of the acquisition is to enable a future relocation of Stena Line's Denmark and Germany terminals and to consolidate the port's ferry and ro-ro traffic to the outer port area Arendal.

“Given the infrastructure that is connected to Arendal, as well as the existing ro-ro, container and transhipment terminals in the area, the ongoing expansion of warehousing and not least the proximity to the automotive industry, there is a clear logic in continuing to consolidate traffic here. It provides synergy effects and strengthens conditions to continue developing the port in a sustainable direction,” said Elvir Dzanic, Gothenburg Port Authority Chief Executive.

The transaction between the Gothenburg Port Authority and Platzer was settled on Thursday. This follows previous decisions in the Gothenburg Municipal Council and the surveying procedure which has gained legal force.

The purchase consists of the newly formed property Arendal 764: 728, and in total comprises 108,000 sq.m. of land, including office and industrial buildings of 49,000 sq.m., a water area of 69,000 sq.m. and a quay - a total of an agreed property value of SEK 475 million.

“We are very happy to now be able to implement this deal, which both strengthens Arendal's connection to the Nordic region's largest port and makes the water available to the people of Gothenburg. We look forward to continuing to work together with the port and its players so that it will continue to be the Nordic region's leading logistics hub with a focus on sustainable mobility solutions on both road and water,” said P-G Persson, Chief Executive at Platzer.

With the acquisition, another piece of the puzzle is put in place in a future relocation of Stena Line's Denmark and Germany terminals to Arendal. The idea is that Stena Line, who has previously signed a memorandum of understanding together with the Gothenburg Port Authority, will be able to enter into a 25-year lease agreement in Arendal no later than 1 January 2027.

With the move, heavy traffic can also be reduced in the city center, while centrally located areas can be made available for continued urban development.


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