Logistea had today closed the transaction of a property in Borås with an underlying property value of MSEK 52
Logistea AB (publ) has today closed the transaction of the property Vattnet 1 in Borås. The property Vattnet 1 has an underlying property value of MSEK 52 and a total lettable area of approximately 2,175 sq.m. Samhall AB leases all areas within the Property. The annual rental income amounts to approximately MSEK 4.0 with a remaining lease term of 6 years. SEK 19 million of the purchase price was paid through a directed share issue to the seller Holdingaktiebolaget Knut Hansson of in total 1,230,972 class B-shares at a subscription price of SEK 15.50 per share.
Logistea extends its property portfolio and has today closed the transaction of the property Vattnet 1 in Borås from Holdingaktiebolaget Knut Hansson. The property was finalised during the autumn of 2024 and the property has a total lettable area of approximately 2,175 sq.m. The tenant is Samhall AB who leases all areas within the property through a lease agreement with lease term until 2030-12-31 and will gain access to the premises on 1 January 2025. The annual rental income amounts to approximately SEK 4.0 million (excluding rent supplements).
In connection with closing, Logistea carried out a directed share issue to the seller of 1,230,972 class B-shares in Logistea at a subscription price of SEK 15.50 per share, corresponding to in total approximately MSEK 19. The subscription price is based on the volume-weighted average share price of the last ten trading days, with a cap of SEK 15.50. The issue of Logistea shares takes place based on the authorization received at the extraordinary general meeting of Logistea on 9 July 2024.
The acquisition is financed through the above directed share issue as well as loans and own funds.
The number of Logistea shares before the transaction amounts to 33,351,438 A-shares and 439,977,486 B-shares respectively, and the number of shares after the completed transaction amounts to 33,351,438 A-shares and 441,208,458 B-shares respectively.