Slättö, through its logistics and industrial team Evolv, has acquired the first four properties as part of a light-industrial roll-up strategy within its newly established Slättö Value Add III fund.
These transactions represent the second investment made by Slättö’s new fund in the Value-Add series. Since inception in 2015, Evolv has acquired 60 assets under its light-industrial aggregation strategy.
Slättö Value Add III aims to build “a sizeable Nordic light-industrial portfolio” through an efficient acquisition process and tenant-focused asset management, the company said.
Lars Axelsson, partner and head of logistics and light-industrial at Slättö, said: “While we have seen a logistics market characterised by relatively high competition for few expansive tenants over the last two years, the Nordic light-industrial segment has remained strong with low vacancy, almost no speculative development and strong rental growth. We are thrilled to start building our next light-industrial portfolio with exciting market timing and a strong deal flow.”
Slättö has acquired the properties Burlöv Sunnanå 6:37, 6:44 and 6:45 in the Malmö area, comprising 5,994sqm of premises and 53,682sqm of land, in a sale-and-leaseback transaction with Mekka Traffic Group, one of Sweden’s largest bus operators. A new long-lease agreement with Mekka Traffic Group has been signed in connection with the transaction, ensuring the tenant retains its strategically vital bus service facilities.
Slättö has also acquired a light-industrial asset with building rights in Lunda, north-west of Stockholm. The leasehold property, Stockholm Domnarvet 11, comprises 3,673sqm of premises and 12,810sqm of land with a zoning plan enabling an extension of the premises. The seller was Corem and closing of the transaction will take place during December 2024.
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