Nordic alternative fund manager Slättö has acquired 10 logistics and industrial properties in prime locations in Sweden and Finland for SEK 455 mln (€38.7 mln).
The six separate transactions, concluded through Slättö’s logistics and light industrial team Evolv, were completed during the first two quarters of 2023.
They include three last-mile logistics terminals and seven light-industrial assets in Arninge and Länna in Stockholm, Ringön and Backa in Gothenburg, and Tattariharju in Helsinki.
Slättö and the Evolv team will carry out environmental and energy assessments to increase energy efficiency and seek certification through Miljöbyggnad iDrift or BREEAM In-Use.
Lars Axelsson, partner at Slättö and head of Evolv, said: ‘We maintain a strong conviction in our roll-up strategy comprising acquisitions of small and mid-sized properties. Slättö has secured some 70 assets across all its funds over the last five years, says. A challenging market environment has created an attractive deal flow, suggesting a positive start for this strategy within the Slättö Value Add II fund. We are also very happy to welcome 12 new tenants to our portfolio.’
Ilkka Salminen, country head Finland at Slättö, added: ‘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’s funds collectively manage €1.6 bn in assets, while Evolv’s real estate portfolio consists of around 50 commercial assets in the Greater Stockholm region, Western and Southern Sweden, and Finland.
