SLP acquires two logistics properties with a property value of approximately SEK 470 million from Postnord in a "sale and leaseback transaction"
SLP has acquired two logistics properties, located in Hallsberg and Nässjö, in a so-called "sale and leaseback transaction" with Postnord AB. The rental agreements, which are fully indexed, run for 7 years with an annual rental value of just over SEK 33 million. The agreed property value amounts to approximately SEK 470 million.
Both properties, which are fully let, are strategically located in the "Golden Triangle" between Stockholm, Gothenburg and Malmö and have railway tracks into the properties. The property in Hallsberg, Lilla Älberg 1:8, has a lettable area of approximately 26,000 square meters. The property in Nässjö, Terminal 1, has a lettable area of approximately 9,500 square meters. Both properties have building rights for future expansion.
"We are pleased to be able to acquire two strategically located and fully leased properties from Postnord. The properties are positioned to play an important role in the future of sustainable freight transport. It is in line with the European Green Vision to transform the transport sector by moving a significant of goods from road to rail. We welcome Postnord to SLP, and in addition to offering today's attractive logistics facilities along important rail routes, we look forward to future expansion opportunities," says Tommy Åstrand, CEO of SLP.
The properties are acquired via corporate transactions and are financed with own funds. Access is planned to take place before the turn of the year conditional on the Swedish Inspectorate for Strategic Products having made a decision to approve or leave the investment made through the acquisition without action.
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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