Slättö has closed the sale of a portfolio of properties to the rapidly growing logistics specialist company SLP, founded by i.a. Erik Selin and Peter Strand. The properties comprise logistics facilities serving the supply chains of a diversified tenant base, giving the portfolio an attractive cash flow profile.

Evolv is Slättö’s warehouse and logistics platform, adding value through both development and active management of commercial properties in the segment. After the sale, Evolv has some 30 properties under management. In addition, the remaining portfolio comprises development projects of more than 400,000 sqm existing and expected future building rights corresponding to a completion value exceeding SEK 5bn. The projects include for example Klinga Logistikpark and Herstaberg Logistic Hub in Norrköping.

Of the divested properties, five have been designed and constructed by Evolv during the last three years. Energy efficiency measures have been in focus and several properties have had solar panels installed.

"We are proud of the creation of this portfolio, through acquisition, development, active property management and finally a successful exit. This transaction is evidence of our value add capabilities as it delivers an attractive return to our investors. As tenant relations are the core of our business model, we are happy to hand over these properties and tenants to the team at SLP, who share our long-term and hands-on property management approach. We look forward to following SLP as minority owners," says Lars Axelsson, Head of Evolv.