SLP makes large acquisition from Barings

The property Ånsta 20:272 in Örebro is part of the portfolio SLP acquires from Barings.

Image: SLP

SLP makes large acquisition from Barings

Sweden — SLP has today signed an agreement to acquire five strategically located logistics properties, four in Norrköping and one newly built property in Örebro. The properties have a total lettable area of 153,000 square meters. The agreed property value amounts to SEK 1,383 million (EUR 120 million) and the rental value in the fully CPI-adjusted lease agreements amounts to approximately SEK 91 million (EUR 8 million), which corresponds to SEK 594 (EUR 52) per square meter. The seller of the properties is Barings, one of the world’s largest diversified real estate investment managers.

2025-01-10

PostNord leases three of the properties and is thus the largest tenant with a majority of the area. The other two properties are leased by Yokohama and Mitsubishi. The average rental duration is 7.8 years. Three of the properties have railway tracks leading to the property.

”We are pleased to be able to present our largest acquisition to date, five strategically located logistics properties with high-quality tenants and leases that increase SLP’s average lease duration. We see good conditions for significant development potential over time, which is fully in line with our overall strategy,” says Tommy Åstrand, CEO of SLP.

The properties are being acquired through corporate transactions and financed through own funds and secured bank financing. Access is planned to take place on January 31, conditional on the Swedish Inspectorate for Strategic Products having made a decision to approve or leave the investment made through the acquisition without action.

Axel Ohlsson

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