en.Wedoany.com Reported - The Port of Gothenburg in Sweden has recently announced the launch of the next phase of its expansion plan, acquiring land in the outer port area to support future growth. The port has reached an agreement with the listed real estate company Platzer, covering land, office buildings, and water areas, with a total transaction value of SEK 684 million (approximately USD 71.5 million). The deal also includes the sale of a small logistics property at the port entrance.

This acquisition opens up the potential for approximately 210,000 square meters of new terminal space, enabling Scandinavia's largest port to further expand on its existing operational and logistics network. Port CEO Göran Eriksson stated, "We are seeing steady growth in freight volumes. To support the global competitiveness of Swedish industry, the continuous development of the port is necessary." He added that with freight volumes continuing to rise, this move is a natural next step.

The agreement continues a decades-long trend of steady westward expansion, dating back to the construction of the Älvsborg ro-ro terminal in the 1970s, followed by further expansions including the Arendal 2 project. The newly acquired land is adjacent to the ongoing construction of Stena Line's new ferry terminal, which is expected to be completed by 2031, further strengthening the area's position as a key logistics hub.

Revenue from the existing office buildings on the acquired land is expected to help fund future development, while detailed planning for the area will be formulated after the transaction is completed. The Port of Gothenburg handles approximately 20% of Sweden's trade and more than half of its container shipping. The port noted that the agreement still requires approval from the municipal council, with ownership transfer expected no earlier than the fourth quarter of 2026. This expansion plan aims to enhance the operational capacity of the Port of Gothenburg and support the global competitiveness of Swedish industry.

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