Ecommerce stores warehouse

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

Logistea AB (publ) (formerly company name Odd Molly International AB (publ)) have acquired today two properties in the industrial area of ​​Smedjeholmen in Falkenberg (Sweden) that the company acquired the June 30, 2021. A building is a modern fully leased warehouse and logistics building with a leasable area of ​​approximately 10,000 square meters with an average remaining term of the contract of three years. The adjacent property is not built with construction rights corresponding to approximately 12,000 square meters. The properties have an underlying land 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 was 56.2 MSEK.

The properties have a distinctive location in Falkenberg (Sweden) between the two strong logistics centers, Gothenburg and the Öresund region. The properties are close to both the city center and the port area and within ten minutes the E6 motorway can be reached between Malmö, Gothenburg and on Oslo.

The existing warehouse and logistics property is well distributed between warehouses and offices, and e-commerce company Engelssons Postorder leases the majority of the area. The adjacent unbuilt property with building rights of approximately 12,000 square meters consists of a hardened and ready-to-build area and is seen as offering good development opportunities to create another warehouse and logistics property in the area. . The rental of the property has already started.

Logisticsthe real estate portfolio of currently amounts to around 260,000 square meters of leasable area (excluding ongoing and planned extensions and new constructions), all located in attractive logistics centers in the south and the center Sweden.

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