Slättö completes the sale of a last mile logistics portfolio in Stockholm, Mälardalen and Norrköping
Today Slättö, a leading manager of alternative investment funds, announces the divestment of eleven properties through its logistics and warehouse platform Evolv. The properties, totalling approx. 41,000 sqm, are located in attractive and highly accessible last mile sites in Stockholm, Mälardalen and Norrköping. The portfolio is acquired by Swedish Logistic Property (“SLP”). Part of the proceeds are paid in shares, making Slättö a minority owner in SLP after the transaction.
Slättö is pleased to announce it has closed the sale of a portfolio of properties to the rapidly growing logistics specialist company SLP, founded by i.a. Erik Selin and Peter Strand. The properties comprise logistics facilities serving the supply chains of a diversified tenant base, giving the portfolio an attractive cash flow profile.
Evolv is Slättö’s warehouse and logistics platform, adding value through both development and active management of commercial properties in the segment. After the sale, Evolv has some 30 properties under management. In addition, the remaining portfolio comprises development projects of more than 400,000 sqm existing and expected future building rights corresponding to a completion value exceeding SEK 5bn. The projects include for example Klinga Logistikpark and Herstaberg Logistic Hub in Norrköping.
Of the divested properties, five have been designed and constructed by Evolv during the last three years. Energy efficiency measures have been in focus and several properties have had solar panels installed.
- We are proud of the creation of this portfolio, through acquisition, development, active property management and finally a successful exit. This transaction is evidence of our value add capabilities as it delivers an attractive return to our investors. As tenant relations are the core of our business model, we are happy to hand over these properties and tenants to the team at SLP, who share our long-term and hands-on property management approach. We look forward to following SLP as minority owners, says Lars Axelsson, Head of Evolv.
JLL advised Slättö in the transaction.
For further information, please contact:
Lars Axelsson, Head of Evolv
Telefon: +46 702 05 91 32
lars.axelsson@evolvproperty.se
For coordination, please contact:
Daniel Lyckhammar, Head of Marketing, via e-mail: daniel.lyckhammar@slatto.se
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