First light-industrial investments in Slättö’s new Value Add-fund
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 III will continue executing on this successful strategy, building a sizeable Nordic light-industrial portfolio through an efficient acquisition process and tenant-focused asset management. Following the transactions, Slättö manages approximately 400֘,000 sqm of logistics and light-industrial properties in the Nordics.
- While we have seen a logistics market characterized by relatively high competition for few expansive tenants over the last two years, the Nordic light-industrial segment has remained strong with low vacancy, almost no speculative development and strong rental growth. We are thrilled to start building our next light-industrial portfolio with exciting market timing and a strong deal flow, says Lars Axelsson, Partner and Head of Logistics and Light-Industrial at Slättö.
Slättö has acquired the properties Burlöv Sunnanå 6:37, 6:44 and 6:45 in the Malmö area, comprising 5,994 sqm of premises and 53,682 sqm of land, in a sale-leaseback transaction with Mekka Traffic Group, one of Sweden’s largest bus operators. A new long-lease agreement with Mekka Traffic Group has been signed in connection with the transaction, ensuring the tenant retains its strategically vital bus service facilities. Closing of the transaction took place 13 November 2024.
Slättö has also acquired a light-industrial asset with building rights in Lunda, 20 min north-west of Stockholm. The leasehold property Stockholm Domnarvet 11 comprises 3,673 sqm of premises and 12,810 sqm of land with a zoning plan enabling an extension of the premises. The seller was Corem and closing of the transaction will take place during December 2024.
About Slättö
Slättö is a private equity real estate investor with a Nordic focus. We seek to deliver consistent market-leading returns for our investors through thematic strategies, local expertise, clear values and a committed team. The Slättö funds collectively manage assets of EUR 2.5bn. Since inception in 2013, the firm has executed +200 transactions with a total transaction value of EUR 4bn. With a forward-looking approach, we prioritise sustainability as key to the long-term success of our investments. www.slättö.se
About Evolv
Evolv is focused on development and active ownership of logistics and industrial assets. Evolv is part of Slättö and has a real estate portfolio of about 70 commercial assets based in the Greater Stockholm region, Western and Southern Sweden, and Finland.
For further information, please contact:
Lars Axelsson, Partner and Head of Logistics and Light Industrial at Slättö
Tel: +46 70 205 91 32
E-mail: lars.axelsson@evolvproperty.se
Annachiara Torciano, Head of ESG and Communications
Tel: +46 76 696 25 88
E-mail: annachiara.torciano@slatto.se
