SLP extends lease agreement and builds in Malmö
SLP extends lease agreement with Inission Syd and builds an extension to existing space. The new lease, which is fully indexed, runs over 10 years with an annual rent of SEK 5m.
Inission Syd has been a tenant in the property Grimskaftet 1, in Elisedal's business area in Malmö, since June 2016. The current lease extends to the end of 2026 with an annual rent of SEK 3.6 million. In connection with the extension of the lease agreement, the existing area is expanded by almost 1,200 square meters and brings additional rental income of SEK 1.4 million annually.
"We are happy to be able to grow with existing tenants and that we in this case also can sign an extended lease. Continually improving our stock is an important ingredient in our business model, and the current building right were identified already when the property was acquired. We look forward to continued collaboration and the opportunity to be part of Inission's growth," says Tommy Åstrand, CEO SLP.
Existing area today amounts to just over 4,200 square meters and will, after expansion, amount to 5,400 square meters. The expansion is to be completed in June 2024 and certified according to Miljöbyggnad Silver.
"We have had a very good dialogue with SLP. It is very positive that we can expand the area and develop together with our property owner”, says Carl Lidén, Managing Director at Inission Syd.
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. 860,000 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
Tags:
