The intention is to enter into a binding agreement on divestment during October 2020.

Due to the investor market's great interest in logistics properties and in order to create shareholder value, the board of Logistea AB has, as previously announced, initiated a sale process with the aim of selling the property Örja 1:20, or Logistea's property-owning subsidiary, Logistea Propco AB. The sales work, which was organized as a broad process, was paused in the spring due to the uncertainty that arose due to Covid-19. After the summer, the sales process was restarted and a Letter of Intent has now been met with real estate funds advised by Blackstone based on a property value of SEK 841 million for the property Landskrona Örja 1:20, DSV's large terminal.

Any sale will take place as a corporate transaction through a sale of the shares in the property-owning subsidiary Logistea Propco AB, meaning that the final purchase price will be charged with deduction of deferred tax, cost of redemption of existing bank debt and be conditional on AGM resolutions.

The intention is to enter into a binding agreement on divestment during October 2020. The decision to complete the transaction requires the approval of an Extraordinary General Meeting of Logistea AB, for which a separate notice will be published by Logistea AB shortly.

Following the completion of the sale, Logistea intends to distribute a larger part of the proceeds from the sale to the company's shareholders.

Savills is an advisor to Logistea in the deal.