Nordic private equity real estate investor Slättö has acquired 24 light industrial properties in Sweden from Swedish family Rejme/Knopf.
The purchase price was between $100m and $150m (€85.4m to €128m), according to a source familiar with the matter.
The portfolio, which spans 81,000sqm and includes truck and car workshop facilities, has been acquired for Slättö’s logistics and industrial platform, Evolv.
The properties are mainly located in Linköping, Norrköping, Nyköping and Örebro. The portfolio is situated on 476,000sqm of land and has a weighted average lease duration of 12 years.
Lars Axelsson, partner and head of logistics and light industrial at Slättö, said: “Vehicle-related operations are a major part of industrial business parks, but many properties are purpose-built for car retail with limited flexibility.
“Even as the car retail landscape changes, the long-term requirement for maintenance and repair will remain strong. These assets are exceptionally well-suited for such uses.”
During the summer of 2025, Slättö also acquired two fully-let modern light-industrial properties in Norrtälje, further broadening the portfolio with high-quality assets and expansive tenants. In August, the company also acquired light industrial properties in Finland.
Following these recent transactions, the light-industrial portfolio of Slättö’s latest value-add fund, Slättö Value Add III, has reached a property value of SEK2bn (€181.4m) since its first acquisition in November 2024.
“Light industrial is a prioritised investment theme for Slättö. Fundamentals in this segment are showing strength, with low vacancy rates and slightly compressing yields. Our strategy is to execute targeted acquisitions, actively manage assets to build strong tenant relations and increase property values,” Axelsson added.
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