Slättö creates a new platform within public use real estate by acquiring a portfolio of properties concentrated in Stockholm and Gothenburg with an underlying value of approximately EUR 300 million.

Slättö Core+ has today entered into a conditional agreement to acquire a public use portfolio with 47 properties totaling approximately 87,000 square meters from Estea Omsorgsfastigheter. The portfolio is located in large municipalities in Sweden with a focus around Stockholm and Gothenburg. It consists mainly of elderly care homes with a remaining lease duration of about nine years.

Slättö operates in the Nordics with a thematic investment strategy and builds up expert teams in real estate sectors where it holds a strong conviction in the underlying market trends. With this acquisition from Estea, Slättö establishes public use as a new business sector, supplementing the company’s existing themes in Nordic residential, logistics and light industrial as well as hotel.

This acquisition fits well into Slättö Core+ existing portfolio with a focus on strong, sustainable cash flows.

“Slättö has previously invested in selective acquisitions and projects within the public use segment. We have a strong belief in future demand for these types of assets and look forward to managing and developing this portfolio, as well as assessing further investments in public use,” says Erik Dansbo, Senior Partner and Chief Investment Officer at Slättö.

Slättö Core+, established in 2019, is a Nordic fund investing in real estate with a robust and sustainable cash flow profile and a Nordic institutional investor base. With this transaction, Slättö Core+ expands its portfolio to exceed a balance sheet total of SEK 10 billion. The portfolio, where 70 percent of the properties are environmentally certified, further enhances the fund’s sustainable position.