SLP acquires two logistics properties from DSV in Sweden
Swedish Logistic Property (SLP) has purchased two terminal properties in Linköping and Örebro, Sweden, from DSV for SEK 393 mln (€33.6 mln).
Logistics
The sale and leaseback agreement will see DSV continuing to lease the properties.
The properties, totalling 27,964 m2, are fully leased to DSV with an average lease term of 9 years, generating an annual rental income of approximately SEK 27.2 mln (€2.33 mln) for SLP.
The acquisition was financed with SLP's own funds.
Filip Persson, CEO of SLP, said: “We are very pleased to further strengthen our partnership with DSV in yet another sale and leaseback transaction. We see great opportunities for improvement in both properties, while the deal extends our average lease duration.”
SLP’s property portfolio currently covers a leasable area of approximately 1,525,000 m2.
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