Logistea AB (publ) has closed the transaction of two properties, Lexby 11:242 and Lexby 11:14 in Partille, Gothenburg with an underlying property value of SEK 292 million. The properties consist of 18,000 square meters of lettable space for retail, warehouses and a small portion of offices. The location and the nature of the property are suitable for retail as well as last-mile logistics.

The larger tenants are Elgiganten, Lindex and Leo's Lekland. Rental income excluding rent supplements amounts to SEK 18.7 million and the average remaining term is just over five years. 97% of the space is currently leased.

The seller is Nordika to whom Logistea will issue 1,455,643 A shares and 16,960,379 B shares at a price of SEK 12.75 per share, corresponding to SEK 234.8 million. The acquisition is financed through the above share issue and bank loan. The new share issue also offsets certain receivables that the seller has against the acquired property-owning company, which creates additional lending space and thus liquidity for Logistea of approximately SEK 105 million.

The issue to Nordika of Logistea shares will be completed after the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) has approved prospectus regarding admission to trade of the newly issued shares, which is expected to take place during the beginning of March 2023.