Doxa Acquires Retail Property in Malmö from SLP

SLP.

Image: SLP

Doxa Acquires Retail Property in Malmö from SLP

Sweden — SLP has today signed an agreement to sell the retail property Stridsyxan 2 in Malmö through a corporate transaction. The agreed property value amounts to approximately SEK 144 million, which is more than 20 percent above the latest external market valuation as of 31 March 2022. The realisation gain will be recognised in the second quarter of 2022.

2022-05-19

The property, which is a freehold, is a pure retail property built in the early 1970’s with a total lettable area of approximately 11,000 sqm. SLP purchased the property from Norama Real Estate AB in mid-December 2020, as part of a transaction encompassing a total of 25 properties.

“The property, which was acquired as a small part of a portfolio just over a year ago and does not fit into our strategy, has been upgraded through lettings, renegotiations and investments, creating value growth. As the property is a retail property, it feels natural that we realise this value growth and then continue to grow in our focus area and thereby create further shareholder value on our portfolio of logistics properties,” says Peter Strand, CEO of SLP.

SLP will vacate the property on 30 June 2022. The buyer is the real estate company Doxa.

Anthon Näsström

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