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 operates in the Nordics with a thematic investment strategy and builds up expert teams in real estate sectors where it holds a strong conviction in the underlying market trends. With this acquisition from Estea, Slättö establishes public use as a new business sector, supplementing the company’s existing themes in Nordic residential, logistics and light industrial as well as hotel.
This acquisition fits well into Slättö Core+ existing portfolio with a focus on strong, sustainable cash flows.
“Slättö has previously invested in selective acquisitions and projects within the public use segment. We have a strong belief in future demand for these types of assets and look forward to managing and developing this portfolio, as well as assessing further investments in public use”, says Erik Dansbo, Senior Partner and Chief Investment Officer at Slättö.
Slättö Core+, established in 2019, is a Nordic fund investing in real estate with a robust and sustainable cash flow profile and a Nordic institutional investor base. With this transaction, Slättö Core+ expands its portfolio to exceed a balance sheet total of EUR 1 bn. The portfolio, where 70% of the properties are environmentally certified, further enhances the fund’s sustainable position.
For further information, please contact:
Erik Dansbo, Senior Partner and Chief Investment Officer
Tel: +46 70 775 6069, E-mail: erik.dansbo@slatto.se
Annachiara Torciano, Head of ESG and Communications
Tel: +46 76 696 25 88, E-mail: annachiara.torciano@slatto.se
About Slättö
Slättö is a partner-owned manager of alternative investment funds with focus on investments in Nordic real estate. The funds collectively manage assets of EUR 2 bn. Since inception in 2013, the firm has, with a strong track record, raised eight funds and executed more than 200 transactions with a total transaction value of EUR 3.5 bn.
