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Press release

Swedish Logistic Property: SLP takes ownership of development logistics property with 10-year lease

Swedish Logistic Property

SLP announced in January this year that an agreement had been signed to acquire a logistics property, Trelleborg NIO-E 3, located in Trelleborg with a 10-year fully indexed lease. The occupancy was planned to take place after the completion of an ongoing renovation project and associated formal permits, which is now complete and SLP has taken ownership of the property today.

The agreed property value amounts to SEK 90 million. The annual rental value amounts to SEK 6.4 million. The property has a total lettable area of ​​approximately 11,500 square meters and a building right of an additional 4,000 square meters.

"We are pleased to be able to complete the acquisition of a strategically located logistics property with great development potential in yet another so-called "off market deal". The property is located by one of Sweden's so-called "core ports", which makes the property particularly attractive from a long-term perspective. We are also pleased to welcome Yokohama TWS as a new tenant. The property will function as their Nordic central warehouse and the possibility of expansion on the property means that we are well equipped to grow together," says Tommy Åstrand, CEO of SLP.

The property is being acquired through a corporate transaction and is financed with our 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. 1,375,000 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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