SLP acquires larger logistics property in Jönköping in a "sale and leaseback deal" with a 15-year lease
SLP has today acquired and taken ownership of a logistics property in Jönköping with an agreed property value of SEK 306 million. The deal is a so-called "sale and leaseback transaction" with Gripen Wheels AB as counterparty. The lease agreement is a fully indexed so-called "triple-net agreement" with a duration of 15 years. The annual rental value amounts to SEK 19.2 million.
The property, Flahult 80:4, with a total area of approximately 71,000 square meters, has a lettable area of approximately 31,000 square meters and good possibilities for expansion.
“We are pleased to complete the acquisition of a fully leased logistics property with a long lease that increases our average lease duration and strengthens our earnings per share. It is particularly pleasing that the tenant Gripen Wheels AB is a very strong counterparty with an impressive development. We plan to, in dialogue with the tenant and in accordance with our continuous sustainability work, refine the property to become more energy efficient and environmentally optimized," says Tommy Åstrand, CEO of SLP.
The property is acquired through a corporate transaction and is financed with own funds.
For further information, please contact:
Tommy Åstrand, CEO of SLP, telephone: +46 705 455 997
About SLP – Swedish Logistic Property
Swedish Logistic Property - SLP – is a Swedish property company that acquires, develops, and manages logistic properties with sustainability in focus. Value growth is created through development of the properties which are located in Sweden’s most important logistic hubs. The property portfolio comprises a lettable area of approx. 1,125,000 sqm. SLP is a partner that takes responsibility and through this creates value for both tenants as well as for the company and its shareholders. SLP’s share of series B is listed at Nasdaq Stockholm Mid Cap. For further information about SLP: slproperty.se
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