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Slättö announces first close of third flagship Nordic Value Add fund with 50% of target commitments

Slättö today announced the first close of its third flagship Nordic value-add real estate fund, Slättö Value Add III, securing SEK 2.5 billion (EUR 220 m) in committed capital, including co-investment capital. Reaching 50% of the fund’s target size within just six months of launch, this milestone reflects strong investor confidence, with commitments from a diverse group of both new and existing investors, including pension funds, foundations, and asset managers from Europe and the United States.As one of the most active investors in the Nordics over the past year, with executed transactions

First light-industrial investments in Slättö’s new Value Add-fund

[A parking lot with buses parked in it Description automatically generated] Slättö, through the logistics and industrial team Evolv, has acquired the first four properties as part of a light-industrial roll-up strategy within the newly established Slättö Value Add III fund. These transactions represent the second investment made by Slättö’s new fund in the Value-Add series. Since inception in 2015, Evolv has acquired 60 assets under its light-industrial aggregation theme. Light-industrial remains one of the focus segments for Slättö, contributing to strong returns across its funds.

Slättö Value Add I AB (publ) to redeem its outstanding SEK 305,000,000 senior unsecured floating rate bonds with ISIN SE0015194147

Slättö Value Add I AB (publ) (the "Issuer") hereby announces that its SEK 305,000,000 senior unsecured floating rate bonds with ISIN SE0015194147 (the "Bonds") will be redeemed in advance in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the terms and conditions of the Bonds. The redemption date will be 6 December 2024. The redemption amount for each Bond shall be 100.75 per cent. of the nominal amount, plus accrued but unpaid interest up to, and including, the applicable redemption date. The redemption amount will be paid to the bondholders holding Bonds on the

Slättö divests first phase of Klinga Logistics Park in Norrköping and starts second phase of development

A fund managed by Slättö, through the logistics and industrial team Evolv, continues the development of Klinga Logistics Park in Norrköping by divesting the first phase comprising 30,500 sqm to Niam as well as entering into lease agreement and starting construction for the second stage comprising 17,500 sqm.The property Norrköping Hövändaren 1, comprising 30,500 sqm of fully let, BREEAM Excellent-certified logistics premises completed during 2023, has been divested to a fund managed by Niam. Closing of the transaction is planned for November 2024. For the property Norrköping Hövändaren 2,

Slättö’s logistics and light industrial team, Evolv, wins customer satisfaction award in Sweden

Slättö's logistics and light industrial team, Evolv, won the award for highest customer satisfaction in the Fastighetsbarometer survey, a key benchmark for the Swedish property sector. The award is based on tenants' evaluations of premises, service, and management quality. Evolv secured its leading position in the logistics and industrial segment through a consistent commitment to customer satisfaction.‘We are very pleased with the excellent results of this year's tenant satisfaction survey and the improvement from our first survey last year. This success stems from the hard work of our

Stockholm newly built residential property divested to Willhem

A fund managed by Slättö has divested a newly constructed residential property in Stockholm to Willhem. The asset comprises 232 newly built apartments in Vega, Haninge, with a property value of SEK 618 million.The property boasts a strong sustainability profile, featuring green roofs, solar panels, and geothermal heating. The buildings are environmentally certified and benefit from excellent transport links and proximity to nature. "We are very pleased to have sold this newly developed asset to Willhem. The transaction reflects the high demand for quality residential properties and

Information on divestment of shares in Logistea by Slättö’s funds

Slättö has today divested all its funds’ holdings in Logistea AB (publ) (“Logistea”) to M2 Asset Management AB (publ) at a price of SEK 16.00 per share. The shares in Logistea were owned through Slättö’s funds and correspond to 10.12% and 11.25% of Logistea’s outstanding shares and votes respectively.Erik Dansbo, Senior Partner and Chief Investment Officer at Slättö, says: "We have successfully carried out our business plan and have supported Logistea in its transformation from a Swedish company with a market cap of SEK 1.5 billion to a Nordic company with a market cap of almost SEK 8

Slättö expands into Denmark by appointing new Country Head

Slättö is pleased to announce the appointment of Anders Østergaard Hansen as Country Head for Denmark. This hire marks Slättö's official entry into the Danish market, further solidifying its position as a leading investor in Nordic private market real estate.This expansion follows a period of significant growth for Slättö, with the firm's assets under management rising from EUR 1.7 billion in Q4 2023 to EUR 2.5 billion in Q2 2024. Denmark becomes the third market in which Slättö is active, joining Sweden and Finland, where the firm has established a successful and growing presence.

Slättö enters into a joint venture with K2A and acquires 40% of a purpose-built student housing portfolio valued at SEK 3.1 billion (EUR 270 million)

A fund managed by Slättö has agreed to acquire a 40% stake in a high-quality student accommodation portfolio with assets strategically located across Sweden's university cities. The acquisition is made through a joint venture with the Swedish real estate company Knaust & Andersson Fastigheter AB (publ) (“K2A”).This marks the first investment by Slättö’s new fund in the Value-Add strategy series.   The student housing portfolio is valued at SEK 3.1 billion (EUR 270 million) and comprises 3,000 student housing units totaling 72,000 sqm lettable area. The assets have excellent locations

Slättö Value Add I AB (publ) announces results from a voluntary tender offer of up to SEK 100 million of its outstanding SEK-bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATIONS OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Slättö acquires two residential portfolios in Finland with total value of EUR 130 million

Funds managed by Slättö have, through two separate transactions, agreed to acquire two residential portfolios in Finland, for a total transaction value of EUR 130 million. The acquisitions are made with Finnish institutional investors as co-investors.The residential portfolios comprise approximately 800 residential units in the Helsinki Metropolitan Area (“HMA”) and Tampere, with some 70 per cent of the value concentrated in the HMA. The assets have strong locations in their respective submarkets and are of high standards, with the majority being newly built properties.   Tuomas Kokkila,

Slättö Value Add I AB (publ) announces tender offer regarding up to 100 million of its outstanding SEK bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Slättö announces investment from Ares Management

Slättö and Ares Management Real Estate Secondaries funds (“Ares”) have agreed to support the recapitalization of a market-leading light-industrial and logistics portfolio, which is managed by Slättö. The portfolio comprises 28 assets with value concentrated in the Stockholm and Helsinki metropolitan areas.“We are delighted to work with Ares as a transaction partner,” says Jonas Andersson, Deputy Managing Partner at Slättö. “This deal is another testament to Slättö’s ability to attract the most sophisticated capital to our funds and conviction segments, using our unique capabilities to build

Slättö and Strawberry launch new strategic Nordic hotel chain

Slättö and Petter Stordalen's Strawberry are unveiling a new hotel chain aimed at filling a gap in the Nordic hotel market, with a focus on strategic locations, quality and high sustainability ambitions.The Nordic hotel market has shown strong recovery with continued growth projected. Identifying an opportunity for innovation, Strawberry and Slättö are capitalizing on this by introducing hotels designed for both short and long-term stays, emphasizing high digitalization, efficiency, a clear sustainability profile, and competitive pricing.  For Slättö, which manages institutional capital

Slättö acquires residential portfolio with a focus on sustainable investments

Slättö continues to expand its portfolio with the acquisition of twelve residential properties in central Norrkoping, a growing university city in Sweden.A fund managed by Slättö has completed the acquisition of 325 apartments from Eklöf Fastigheter, representing a combined leasable area of almost 24,000 square meters. - This is our first residential acquisition in almost two years. Since early 2022, we have seen increased yield requirements in the segment. Our overall conviction towards residential has always been strong, however, the current combination of rental growth potential and

Slättö grows in Finland with second Helsinki CBD hotel

The acquisition is Slättö’s second in the hospitality sector in Finland. The new aparthotel will meet the needs of different groups of travelers, from short- to long-term stay, with high standards in design, quality and sustainability. For this project, Slättö has once again partnered with the tech-led operator Bob W.Slättö expands its presence in Finland, by acquiring an office property from Catella Real Estate AG (CREAG) for aparthotel conversion. When finalized, the property will offer 99 modern hotel apartments in Helsinki’s central business district. Slättö’s team has identified hotel

Slättö expands within public use real estate through acquisition of close to EUR 300 million portfolio from Estea

Slättö creates a new platform within public use real estate by acquiring a portfolio of properties concentrated in Stockholm and Gothenburg with an underlying value of approximately EUR 300 million.Slättö Core+ has today entered into a conditional agreement to acquire a public use portfolio with 47 properties totaling approximately 87,000 square meters from Estea Omsorgsfastigheter. The portfolio is located in large municipalities in Sweden with a focus around Stockholm and Gothenburg. It consists mainly of elderly care homes with a remaining lease duration of about 9 years. Slättö

Senior Partner and Chief Investment Officer, Erik Dansbo, in the Swedish business weekly Affärsvärlden

Erik shares his insights on the Nordic real estate market and key takeaways for investors.· 2023 and 2024 are attractive years to commit to Nordic real estate funds · Good deal opportunities for pan-Nordic investors with dry powder · Bond troubles in Sweden highly concentrated to two firms · Inflation vs. GDP. Sectors with least GDP dependency expected to see highest rental growth · Logistics/Light Industrial segment gains from attractive CPI indexation and strong fundamentals Read the full article here 

Slättö continues to expand its light industrial portfolio in Stockholm

Slättö Value Add II, through the logistics and industrial platform Evolv, continues to expand its property portfolio by acquiring three adjacent light-industrial properties in Arlandastad, north of Stockholm, from Corem.The properties Märsta 11:11, Märsta 11:14 and Märsta 21:46 in Sigtuna municipality comprise 8,900 sqm of warehouse premises. The portfolio includes a newly built warehouse property with a strong long-term tenant, a multi-tenant property with value-add potential and a soon-to-be-vacant asset with unused building rights. - These three adjacent assets with a combination of

Nordic real estate investor Slättö expands in Finland by partnering with Bob W in hospitality segment

Slättö continues its growth in Finland and expands its portfolio within the hospitality segment. The investment is made in collaboration with tech-powered, short-term rental operator Bob W in a brown-to-green refurbishment in Kasarmikatu 40, central Helsinki.The project will leverage technology and sustainability to create exceptional value for guests through high quality and design. The European and Nordic hotel market are showing strong performance after the pandemic, as traveling for work and pleasure over short and longer periods is increasing. The Nordics are an attractive

Slättö expands its logistics and light industrial portfolio in Stockholm, Gothenburg and Helsinki

Slättö, through its logistics and light industrial team, Evolv, expands its portfolio by acquiring ten properties in strong locations in Stockholm, Gothenburg and Helsinki with an underlying property value of 455 MSEK.The transactions include three last-mile logistics terminals and seven light-industrial assets in prime locations such as Arninge and Länna in Stockholm, Ringön and Backa in Gothenburg, and Tattariharju in Helsinki. The properties have been acquired through six separate transactions during the first two quarters of 2023.   As part of the value creation plan for the assets,

Slättö strengthens Finnish investment team with appointment of Tuomas Kokkila

Tuomas joins Slättö’s Finnish investment team to oversee transactions across key segments as the firm continues to expand in Finland.Tuomas most recently served as the Head of Transactions at SRV Group, a listed construction and property development company in Finland with an annual turnover of about EUR 1 billion. At SRV Group he led the transaction team, responsible for deal flow and financing of real estate development projects. Tuomas also has experience as an Investment Manager at Areim AB, a Nordic real estate private equity company, where he successfully executed significant

Information on purchase of shares in Logistea by Slättö Value Add I

One of Slättö’s funds, Slättö Value Add I, has purchased shares in Logistea on the 15th and 19th of June. The purchase corresponds to 19.3% and 21.8% of the company’s shares and voting rights respectively. The seller is IB Invest.For further information, please contact: Johan Karlsson, Managing PartnerTel: +46 70 363 5509 E-mail: johan.karlsson@slatto.se For coordination: Annachiara Torciano, Head of ESG and Communications Tel: +46 76 696 25 88 E-mail: annachiara.torciano@slatto.se

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