Logistea has completed a directed new share issue as part-financing of property acquisitions in the Gothenburg region

Logistea AB (publ) has completed a directed new share issue of 195,314 Class B shares at a subscription price of 29.82 SEK per share. The issue constitutes partial financing of an investment property in the Gothenburg area that was acquired on June 18, 2021. The investment property is fully let and has a property value of approximately 34 MSEK and an average remaining contract period of approximately 13 years.

Logistea initiates a rental collaboration with Newsec regarding Vaggeryd Logistics Park

Logistea AB (publ) has initiated a rental collaboration regarding Vaggeryd Logistics Park (Vaggeryd Logistikpark) with Newsec. The logistics park, which consists of existing investment properties and undeveloped landbank, has one of Sweden's best logistics locations with direct connection to European highway 4 (E4) as well as railway tracks and within a 400 km radius 80 percent of Sweden's population is reached. The estimated developmentable and lettable area is at least 150,000 – 180,000 square meters, of which approximately 13,500 square meters present are under development and are expected to be completed during the beginning of 2022.

Logistea repeats and clarifies previously communicated resolutions from the Extraordinary General Meeting on October 22, 2021

Due to trading and trading suspension in the Company’s Stam A share on November 11 2021, Logistea wishes to repeat and clarify previously communicated resolutions made at the Extraordinary General Meeting on October 22, 2021. In the Extraordinary General Meeting, it was resolved that the Company shall carry out a Bonus Issue, through which ten (10) Ordinary B shares shall be received free of charge for each existing Stam A share. As of November 11, 2021, the Stam A share was traded in the Company without the right to receive new Class B shares. This fact was not reflected in the share price during the trading day 11 November 2021, whereupon the Company contacted Nasdaq Stockholm who suspended the trading. During the trading halt, the Company clarified in a press release that the record date for participation in the Bonus Issue is November 12 and that the last day of trading including the right to receive new Class B shares was November 10, 2021.

Logistea access warehouse and logistics property with adjacent building rights in Falkenberg corresponding to a property value of 78 MSEK

Logistea AB (publ) (formerly company name Odd Molly International AB (publ)) today accessed two properties in Smedjeholmen's industrial area in Falkenberg (Sweden) that the company acquired on June 30, 2021. One property is a fully leased modern warehouse and logistics property with a leasable area of approximately 10,000 square meters with an average remaining contract length of three years. The adjacent property is unbuilt with building rights corresponding to approximately 12,000 square meters. The properties have an underlying property value of approximately 78 MSEK and estimated annual rental income of 7.1 MSEK and estimated net operating income of 5.3 MSEK. The purchase price amounted to 56.2 MSEK.

Odd Molly recruits five new employees with real estate background to finance function

Odd Molly International AB's (publ) real estate business continues to grow rapidly with a focus on warehousing and logistics properties. In order to further strengthen the organization for the company's continued development, five more new employees have been recruited to the company's finance function, all with solid experience from the real estate industry.

Odd Molly acquires property corresponding to approximately 21,400 sqm in SE-Borås with high rental rate / e-commerce company Cellbes largest tenant

Odd Molly International AB (publ) (Odd Molly) continues to grow in real estate for warehousing and logistics. The company has today closed the transaction with the e-commerce company Cellbes existing logistics property of 12,700 square meters of lettable area in Viared Borås, Sweden, with an underlying agreed property value of 63.0 MSEK. After further extension, the property is expected to have a lettable area of approximately 21,400 square meters and include a new modern logistics facility with a fully automated warehouse to Cellbes. Estimated annual rent after extension amounts to 12.5 MSEK.