Yesterday Logistea AB (publ) closed the previously announced acquisition of a cold storage and logistics property in Vantaa, Helsinki. The underlying agreed property value amounts to SEK 142 million and the lettable area is 6,078 sqm. In connection with closing, a new lease agreement was signed with an annual rental income of approximately SEK 10.7 million and an initial lease term of 8 years.
Logistea expands its property portfolio and has yesterday closed the acquisition of the property 92-21-128-8, through the acquisition of the property owning company. The property is located in Vantaa, Finland, approximately 10 minutes east of Helsinki Airport. The property was constructed in 2023 with a total lettable area of 6,078 sqm and consists primarily of cold storage, production and warehouse space together with a smaller share of office space. In connection to closing, a new lease agreement was signed with an annual rent of approximately SEK 10.7 million and an initial lease term of 8 years with an option to extend by 4 years for both parties. The tenant is responsible for all operating and maintenance costs including insurance.
The acquisition was financed with bank loan and available funds.
