Balder, Next Step, and Bockasjö to develop Swedish logistics hub

Balder, Next Step Group, and Bockasjö have formed a joint venture to develop Link40, a major logistics hub near Gothenburg, Sweden. 

Link 40, Gothenburg

This project, one of Sweden's largest, involves building approximately 250,000 m2 of modern and sustainable logistics properties along National Road 40.
Link40 will focus on efficiency, sustainability, and future-ready solutions, spanning 45 hectares (about 80 football fields). It will offer opportunities for various logistics companies, big and small, to establish themselves in a well-connected location.
All three partners bring extensive experience in large-scale land development, infrastructure, logistics operations, and tenant collaboration. Bockasjö is joining as a 50% co-owner, boosting the project's execution capabilities.
The project aims to address the growing demand for modern and sustainable logistics in a rapidly developing region. Its location between two major Swedish cities and close to international transport hubs makes it ideal for businesses seeking high accessibility and efficiency. The initiative also supports sustainable practices through collaborations across various sectors.
Construction is slated to begin in the first quarter of 2027. The project, with a total investment of around SEK 4 bn (€343 mln), will be developed over 6-8 years.
Link40 is jointly owned, with Next Step and Balder holding 50%, and Bockasjö holding the other 50%.
Erik Selin, CEO of Fastighets Balder, said: “We are very pleased that Bockasjö is now joining us in Link40. With their strong execution capability and extensive experience in constructing modern and sustainable logistics properties, the project gains a very solid foundation and even better conditions for the next phase.” 
Jacob Torell, CEO of Next Step Group, commented: “By bringing together three complementary actors with Next Step as the urban developer, Balder as the property company, and Bockasjö with their unique expertise in future logistics properties, the project is driven forward with strong execution power, credibility, and pace in a way that none of the parties could have achieved alone. Link40 will globally place the region and Sweden on the map for future modern logistics management.” 
Joakim Hedin, CEO of Bockasjö, concluded: “Link40 is one of the largest contiguous logistics areas created in Sweden. The strategic location, with proximity to Gothenburg and significant highways, makes the area one of Sweden's most sought-after logistics locations. The land conditions are excellent, with large areas consisting of rock, creating good conditions for the construction of efficient and sustainable logistics properties.”