Nordic real estate fund manager Slättö has added 10 industrial properties in Sweden to its portfolio.

Slättö said its logistics and light industrial arm Evolv has bought the assets located in Stockholm, Gothenburg and Helsinki worth SEK455m (€39m).

The assets comprising three last-mile logistics terminals and seven light-industrial premises were acquired through six separate transactions during the first two quarters of 2023, the manager said.

The manager intends to carry out environmental and energy assessments to increase energy efficiency for the assets as part of the Slättö Value Add II’s value creation plan for the asset.

Lars Axelsson, partner at Slättö and head of Evolv, said: “A challenging market environment has created an attractive deal flow, suggesting a positive start for this strategy within the Slättö Value Add II fund.”

Ilkka Salminen, country head Finland at Slättö, said: “We are pleased to continue our expansion in Finland. The last-mile logistics terminal in Tattariharju is a perfect asset for our Helsinki portfolio and our intention is to continue to be an active buyer in the Finnish market.”

Slättö is currently raising capital for Slättö Value Add II, a fund focused on residential and logistics investments in the Nordic region. 

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