SLP enters its hundredth property via its first acquisition in Gothenburg

With today's acquisition, SLP, which was founded five years ago, is carrying out its sixtieth transaction, which means that the portfolio now consists of 100 logistics properties, a total area of approximately 1 million square meters at a value of approximately SEK 10 billion. The acquisition is a so-called "sale and lease back deal".

"Our growth journey continues unabated, and means that in addition to our organic growth, we have acquired an average of one property per month since the founding of the company in 2019. Furthermore, it is pleasing that we are now carrying out our first acquisition in Gothenburg. The property is a development logistics property adapted for so-called "last-mile" cold and freezer storage, an area where we see increased demand," says Tommy Åstrand, CEO of SLP.

The property Backa 29:14 has a total area of approximately 20,700 square meters and a rentable area of approximately 6,700 square meters, which means a possibility of further extension. The Backa area is a well-established logistics hub and has a strategically very good location near the E6. The lease, which is fully indexed, is signed with Aroma Frukt & Grönt AB and runs for just over 6.5 years with an annual rental value of SEK 8.2 million. On the property there is opportunity to invest in energy projects such as solar cells. The agreed property value amounts to SEK 99m and the transaction is financed with own funds.

Since SLP was founded, the company has worked intensively with sustainability. A clear shift has been made by converting older, non-energy-efficient properties into sustainable environmentally certified properties with low energy consumption. SLP invests, among other things, in locally produced solar energy on the roofs of the properties, and the installed power in solar cell systems amounts to approximately 15 MWp. As a result of integrated sustainability work, the share of sustainable financing, through so-called sustainable loans, is today just over 50 percent.

"At SLP, we work with sustainability as an integral part of our business model in our daily work. We are beginning to see a connection between sustainable logistics properties and increased demand and thus value creation for the society as well as for our tenants and shareholders," says Tommy Åstrand, CEO of SLP.

For further information, please contact:
Tommy Åstrand, CEO of SLP, telephone: +46 705 455 997
 

About SLP – Swedish Logistic Property
Swedish Logistic Property - SLP – is a Swedish property company that acquires, develops, and manages logistic properties with sustainability in focus. Value growth is created through development of the properties which are located in Sweden’s most important logistic hubs. The property portfolio comprises a lettable area of approx. 980,000 sqm. SLP is a partner that takes responsibility and through this creates value for both tenants as well as for the company and its shareholders. SLP’s share of series B is listed at Nasdaq Stockholm Mid Cap. For further information about SLP: slproperty.se