Swedish Logistic Property AB has acquired a logistics property, Trelleborg NIO-E 3, located in Trelleborg with a 10-year fully indexed lease. The existing building is currently undergoing an extensive renovation project that is expected to be completed in early May, when the new tenant Yokohama TWS also is expected to move in, and the new lease will start. The agreed property value after the completed renovation project amounts to SEK 90 million.

The annual rental value amounts to SEK 6.4 million. The property has a total lettable area of approximately 11,500 square meters and a building right of an additional 4,000 square meters. The property is being acquired through a company transaction and financed with own funds.

Occupancy is planned to take place after completion of the ongoing renovation project and associated formal permits, which is planned for the beginning of May this year.