Slättö acquires 24-property light industrial portfolio

Nordic private equity real estate investor Slättö has expanded its light industrial portfolio through its Evolv platform by acquiring 24 properties. 

Slatto light industrial assets

These properties, mainly located in Linköping, Norrköping, Nyköping, and Örebro, are high-quality truck and car workshop facilities with strong infrastructure access and established tenants.
Truck facilities make up 40% of the portfolio's rental value and are leased long-term to Bilia for Volvo Trucks sales and service. The car workshop facilities, accounting for 12% of the total rental value, are operated by Rejmes (now part of Liljedahl Group) and are primarily set up to Volvo's VRE standard.
The entire portfolio encompasses 81,000 m2 of rentable space on 476,000 m2 of land, with an impressive weighted average lease duration of 12 years.
Lars Axelsson, partner and head of Logistics and Light Industrial at Slättö, said: “Vehicle-related operations are a major part of industrial business parks, but many properties are purpose-built for car retail with limited flexibility. Even as the car retail landscape changes, the long-term requirement for maintenance and repair will remain strong.  These assets are exceptionally well suited for such uses.  We are grateful to the Rejme/Knopf family for the opportunity to acquire the portfolio and look forward to working with Bilia and Rejmes and support their continued delivery of high-quality services. Light industrial is a prioritised investment theme for Slättö. Fundamentals in this segment are showing strength, with low vacancy rates and slightly compressing yields. Our strategy is to execute targeted acquisitions, actively manage assets to build strong tenant relations, and increase property values”.
PWC and Setterwalls provided advisory services to the seller, while MSA, Bloc Tax, and WSP advised Slättö on the deal. The transaction is expected to close in November 2025, pending approval from foreign direct investment authorities.
In the summer of 2025, Slättö also expanded its portfolio by acquiring two modern light-industrial properties in Norrtälje. These properties are fully leased to Wangeskog and Hyreslandslaget.
With these recent acquisitions, the light-industrial portfolio of Slättö's latest value-add fund, Slättö Value Add III, has now reached a property value of SEK 2 bn (€182 mln), a milestone achieved since its first acquisition in November 2024.
Evolv is part of Slättö and has a real estate portfolio of about 100 commercial assets based in the Greater Stockholm region, Western and Southern Sweden, and Finland.