Logistea AB extended it property portfolio and has entered into an agreement regarding the acquisition of a property in Kalmar from M2 Asset Management AB. The property (Sigillet 1) is strategically located in Flygstaden in Kalmar close to E22. Closing of the transaction will take place on 20 December 2023.

The property has an underlying agreed property value of SEK 340 million. The property was constructed during 2020 until 2022 and has a total lettable area of approximately 35,300 sq.m. The tenant is Nordic Nest AB who leases all areas within the property through triple-net lease agreements with lease terms until 2031-09-30 and 2032-12-31 respectively. The annual rent amounts to approximately SEK 25.2 million (excluding rent supplements and property tax).

The acquisition is financed through a directed issue of 551,809 class A-shares and 6,485,228 class B-shares in Logistea at a subscription price of SEK 13.50 per share as well as loans and own funds. Following the directed issue of shares, M2 Asset Management AB (including closely related individuals and companies) will hold 11.8% of the capital and 11.7% of the votes in Logistea. The issue of Logistea shares takes place based on the authorization received at the ordinary annual general meeting of Logistea on 5 May 2023.