Private equity real estate investor Slättö, which focuses on the Nordics, has purchased the first four properties in a light-industrial roll-up strategy within the newly established Slättö value add III fund.
The deals represent the second investment made by Slättö’s newest value add fund. Slättö sourced the deals through its in-house logistics and industrial unit Evolv.
Since inception in 2015, Evolv has acquired 60 assets under its light-industrial aggregation theme. Light-industrial remains one of the focus segments for Slättö, contributing to strong returns across its funds.
'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,' said Lars Axelsson, partner and head of logistics and light-iIndustrial at Slättö.
Slättö has acquired the properties Burlöv Sunnanå 6:37, 6:44 and 6:45 in the Malmö area, comprising 5,994 m2 of premises and 53,682 m2 of land, in a sale-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, 20 min north-west of Stockholm. The leasehold property Stockholm Domnarvet 11 comprises 3,673 m2 of premises and 12,810 m2 of land with a zoning plan enabling an extension of the premises. The seller was Corem.
