Logistea acquires 14 properties with a value of SEK 745 million

Logistea AB (publ) has acquired 14 properties corresponding to approximately 121,000 square meters of leasable area with a property value of around SEK 745 million. Annual rental income amounts to just over SEK 50 million with an average remaining lease period of more than 13 years. The transaction will be financed through a direct share issue of 2.5 million B shares at a subscription price of SEK 33 corresponding to SEK 82.5 million, as well as own funds and bank loans.

Number of shares and votes in Logistea

During April 2022, Logistea carried out a rights issue of MSEK 350 before issuing costs and directed new issues as a result of property acquisitions. Today, the last trading day of the month, there are...

Logistea recruits Jesper Carlsöö as Head of Project Development and Leasing

Logistea AB (publ) has recruited Jesper Carlsöö as Head of Project Development and Leasing, and member of the Group Management team. Jesper has more than 15 years of experience in managing and leasing logistics properties, and is a many-time award winner as best Leasing Manager of the year. He takes up the post immediately.

Logistea acquires warehouse and logistics property in Hylte at a property value of SEK 85 million

Logistea AB (publ) has today acquired a warehouse and logistics property in Hylte in Småland with an underlying property value of SEK 85 million and a lettable area of approximately 22,600 sq.m. Annual rental income amounts to SEK 8.6 million and the average remaining contract length is eight years. The transaction is financed through an issue of 848,594 Class B shares in Logistea at a subscription price of SEK 33.00 per share, bank loan and cash payment.

LOGISTEA ANNOUNCES RESOLUTION ON AND TERMS OF FULLY GUARANTEED PREFERENTIAL RIGHTS ISSUE OF APPROXIMATELY SEK 350 MILLION

On 1 March 2022, Logistea AB (publ) (”Logistea” or the “Company”) announced the Board of Directors’ intention to resolve on a fully guaranteed rights issue of approximately SEK 350 million with preferential rights for existing holders of ordinary shares (the “Preferential Rights Issue”). The Board of Directors has today, 18 March 2022, decided to carry out the Preferential Rights Issue.

Logistea access a property in Mullsjö/Jönköping at a property value of 46 MSEK

Logistea AB (publ) has today taken possession of a property in Mullsjö/Jönköping that was acquired in December 2021. The property (Mullsjö Gyljeryd 1:43) is strategically located with proximity to the train station and good railway connections as well as highway 26, which is Sweden's longest national road (also called Inlandsvägen syd), and close to the E4. Leasable area amounts to approximately 5,900 square meters. In addition to the existing building, there is also developmental land area where it is estimated that it is possible to construct approximately 8,000 square meters of new leasable area. The current building is fully leased with an average remaining contract length of 15 years. Annual rental income amounts to MSEK 3.4 and net operating income to MSEK 3.2. The transaction is based on a property value of MSEK 46. Logistea finances the property purchase through directed new issues of 362,925 new B-shares and cash payment.

Logistea intends to carry out a fully guaranteed rights issue of MSEK 350 to finance growth

Logistea AB (publ) ("Logistea") has a clear growth strategy with the target of achieving a property value of BSEK 15 by the end of 2024. In order to finance continued growth, the company intends to carry out a fully guaranteed new share issue of MSEK 350, before issue costs, with preferential rights for existing shareholders (the "Rights Issue"). The terms and conditions for the Rights Issue will be made public after the Board of Directors has decided to carry out the Rights Issue, which is estimated to take place in mid-March 2022

Logistea signs LOI to acquire 15 properties with a property value of MSEK 770

Logistea AB (publ) ("Logistea") has signed a letter of intent regarding the acquisition of 15 properties corresponding to approximately 125,000 square meters of lettable area with a property value of MSEK 770. Annual rental income amounts to approximately MSEK 52. The transaction is intended to be financed partly through a set-off issue of 2.5 million B-shares at a share price of SEK 33 corresponding to MSEK 82.5, through equity and through bank financing.

Logistea updates framework for vision, targets, strategy and dividend policy to support significant growth and value creation in warehouse, logistics and light industry properties

The Board of Directors of Logistea AB (publ), has today decided on an updated framework for the company's vision, operational and financial targets, strategy and dividend policy. The update is aimed at supporting significant growth as well as long-term and sustainable value creation in properties for warehouses, logistics and light industry. The overall growth target is to increase the value of the property portfolio from BSEK 2.6 at the end of 2021 to a property value exceeding BSEK 15 at the end of 2024.

Logistea signs LOI regarding acquisition of newly built property in Enköping at an agreed property value of 300 MSEK

Logistea AB (publ) has today signed a letter of intent regarding the acquisition of a newly built property in Enköping with an underlying property value of 300 MSEK. Annual rental income amounts to 14.4 MSEK. The transaction is financed through the issue of 250,000 A-shares and 4,295,455 B-shares in Logistea at a subscription price of 35.00 SEK and 32.88 SEK per share respectively and the remaining part is financed through bank loans.

Logistea access warehouse and logistics property in Värnamo with a value of approximately 25 MSEK

Logistea AB (publ) has today accessed the warehouse and logistics property in Värnamo that the company acquired on December 21, 2021. The value of the property amounts to approximately 25 MSEK and has a leasable area of approximately 5,140 sqm. The building is fully let with an average remaining contract length of approximately four years. Annual rental income amounts to approximately 2.4 MSEK and estimated net operating income amounts to approximately 2.1 MSEK.

Logistea acquires a logistics property in Kalmar of 2,630 sqm with an agreed extension of approximately 1,800 sqm

Logistea AB (publ) has today acquired and taken over a logistics property (Generator 1) in Kalmar with a property value of MSEK 17.3 with an additional investment of MSEK 20 regarding extensions. The property amounts to approximately 21,000 square meters of land and is located in a central and established industrial area close to the E22 and consists of 2,630 square meters of existing lettable space and an agreed extension of approximately 1,800 square meters of additional space. Planned extensions will begin in the near future and are expected to be completed in 2022, after which annual rental income is estimated at MSEK 2.6 and net operating income MSEK 2.4. Logistea has signed a ten-year triple-net agreement with the current tenant GDL for both existing and additional areas.