Logistea Acquires Logistics Property Fully Leased to Lyko in Vansbro
Logistea AB acquires a logistics property in Vansbro fully leased to Lyko for 433 million SEK.
Key Points
- • Logistea acquires property for 433 million SEK
- • Fully leased to Lyko for 19 years with 34.1 million SEK annual income
- • Property spans 36,652 square meters, with 85% for warehousing
- • Acquisition enhances Logistea's earnings by approximately 0.05 SEK per share
Logistea AB has announced the acquisition of a fully leased logistics property, Ytteråker 2:5, located in Vansbro, Sweden, for a total value of 433 million SEK. The transaction is set to close on May 22, 2025, and is expected to be financed through a combination of bank loans and internal funds.
The property spans 36,652 square meters and is currently fully leased to Lyko, a prominent Nordic beauty retailer, for 19 years. This arrangement is anticipated to generate an annual rental income of approximately 34.1 million SEK, excluding any additional rent supplements and property taxes.
Significantly, around 85% of the property is designated for warehousing purposes, and Lyko has invested in advanced automation solutions at this facility, which serves as a central distribution hub for Nordic operations. Commenting on the acquisition, Anders Nordvall, Vice President and CIO of Logistea, stated, "This acquisition further strengthens our portfolio with a top modern logistics property leased on a long-term agreement to a leading and financially strong tenant well established in Vansbro."
The property benefits from modern specifications, including a free height of 12 meters, and features such as 18 loading docks and solar panels generating approximately 0.5 MW of electricity. This acquisition is positioned to enhance Logistea's earnings capacity by roughly 0.05 SEK per share, marking a strategic addition to the company's logistics assets.