Swedish real estate company Nyfosa has divested 10 properties with warehouse and light industrial units, in two transactions, for SEK 555 mln (€49 mln).
The annual rental value of the 55,000 m2 properties amounts to SEK 40 mln (€3.5 mln).
The properties are fully let, with an average remaining contract period of 4.2 years.
All of them are located in Sweden, of which two in Malmö, one in Helsingborg, one in Jönköping and six in Österåker.
The CEO of Nyfosa, Stina Lindh Hök, commented: ‘The sale releases capital for new business opportunities in order to strengthen our cash flows.’
Separately, Swedish property company Swedish Logistic Property (SLP) said it acquired and took possession of four of the properties for SEK 455 mln (€40.2 mln).
The annual rent for the four assets with 48,610 m2 of total lettable space amounts to SEK 30.2 mln (€2.7 mln).
Two properties are located in Malmö, one in Helsingborg and one in Jönköping, all with development potential.
The property in Helsingborg includes a very large building right and is located in the Ättekulla industrial area, where SLP already owns properties and have built new construction projects.
SLP financed the transaction with secured bank financing and own funds.
Peter Strand, CEO of SLP, said: ‘We are very happy to have been able to do this transaction because the properties are located in strategic logistics locations where we are already strong and would like to grow further. The properties are basically fully leased, which provides a strong cash flow while there is significant development potential.’
