The property is acquired through a company transaction at an underlying property value of approximately SEK 63 million. Payment is made through a combination of cash and shares, where SEK 20 million is paid through the issue of new Series B shares in Swedish Logistic Property. The seller is Grindholmen Holding AB.
The property, which was built in 2010, is fully let to the tenant Textilgrossisten Hefa AB, which is part of the New Wave Group. The annual rent amounts to approximately SEK 3.8 million. The property also has an unused building right of just over 4,200 square meters.
“The property is a modern warehouse with over 10,000 pallet spaces and is in a very good logistics location with proximity to the E6 between Gothenburg and Oslo. The tenant has a well-established business on the premises and we look forward to jointly developing the property and continuing to grow in the Gothenburg area,” says Peter Strand, CEO of SLP.
A new issue has been made of 697,483 shares, at a price of approximately SEK 28.7 per share, corresponding to a value of SEK 20 million. The exchange rate corresponds to the average closing price during the last week and the transaction was completed on the day of entry. The issue will be carried out with the support of an authorization from SLP's Annual General Meeting on March 8, 2022.