SLP acquires logistics properties for SEK 470 Million

2/12/2024, 10:43

Imagesource: SLP.

Swedish logistics property company SLP has acquired two logistics properties in Hallsberg and Nässjö from postal operator Postnord in a sale-and-leaseback transaction worth around SEK 470 million.

Anna Broberg

The fully indexed lease agreements run for 7 years with an annual rental value of over SEK 33 million.

The Hallsberg property, Lilla Älberg 1:8, has a leasable area of around 26,000 sq.m., while the property in Nässjö, Terminalen 1, comprises around 9,500 sq.m. of leasable space.

Both properties have rail connections directly into the facilities and building rights for future expansion.

“The properties are well-positioned to play an important role in the future of sustainable freight transport, in line with the European green vision of shifting a significant portion of goods from road to rail,” said SLP CEO Tommy Åstrand.

“We welcome Postnord to SLP, and in addition to offering today’s attractive logistics spaces along key rail routes, we look forward to future expansion opportunities,” he added.

The corporate transactions are being financed with SLP’s own funds. Closing is planned before year-end, subject to approval by Sweden’s Inspectorate of Strategic Products of the foreign investment.

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