Stenhus Fastigheter acquires logistics property for €27m

Swedish real estate firm Stenhus Fastigheter has acquired a property in Svenljunga from Star Trading for SEK 295 mln (€27 mln) through a sale-leaseback deal.

Logistics

The acquisition was financed using a combination of the company's own funds and bank financing.
The property, named Moga 1:133, is a warehouse/light industry/logistics facility with a total leasable area of around 40,472 m². It is fully leased to Star Trading under a 20-year triple-net lease agreement. 
Star Trading is part of Eglo, a large, privately-owned international lighting group based in Austria and one of the largest in Europe. The property's rental value is approximately SEK 24.3 mln (€2.2 mln).
Elias Georgiadis, CEO of Stenhus Fastigheter, commented: “We look forward to the collaboration with Star Trading and its parent company Eglo, which will strengthen Stenhus Fastigheter’s results for many years to come.”
Robert Lyckevill, CEO of Star Trading AB, added: “This deal is an important part of our strategy to secure Star Trading’s long-term future in Svenljunga. By freeing up capital, we can focus on investing in our core business and continuing our growth journey. We would like to extend a big thank you to Newsec for their professional handling of the deal, and we look forward to a fruitful collaboration with Stenhus Fastigheter as our new landlord.”
Born Advokater acted as the advisor to Stenhus Fastigheter in this transaction.
Stenhus Fastigheter owns and manages public and commercial properties, strategically focusing on metropolitan areas and locations with growth potential.