Logistics property sold for SEK 204 million

24/06/2024, 08:19

Image: Wästbygg Gruppen.

Wästbygg Group's subsidiary Logistic Contractor has sold a fully leased, self-developed logistics facility with a leasable area of approximately 24,000 square meters in Ulricehamn.

Anna Broberg

The buyer is SLP, Swedish Logistic Property. The Rönnedal 1 property has a total area of 72,000 square meters, of which 70 percent can be developed according to the detailed plan. The tenant has exclusivity until June 2026 for the property’s development rights, which must be built with at least 10,000 square meters when utilized.

The leasable area is rented by Logistikpartner i Ulricehamn AB. The annual rental value amounts to approximately SEK 17 million, and the lease duration is around 6 years.

“We are very pleased with the acquisition of this newly built logistics property, which has an excellent strategic logistics location along Highway 40 and also has development potential in the form of a large development right,” says Tommy Åstrand, CEO of SLP.

The facility was completed during 2023 and is certified according to the Sweden Green Building Council’s Silver standard and has solar panels installed.

“We thank SLP for a dialogue in a positive spirit during the past few weeks’ negotiations, and we are very pleased that the property is getting a strong and long-term owner,” says Jonas Jönehall, CEO of the Wästbygg Group.

The sale is carried out as a corporate transaction at a property value of SEK 204 million, with the transfer taking place on June 28.

The translation was written by an AI system, though the original text was authored by a human.