The tenant is Hitachi Energy Sweden AB, which has signed a 15-year lease agreement and will lease both properties in their entirety. Through the transaction, Logistri deepens its collaboration with Hitachi Energy Sweden, which already leases the property Smedjebacken Bokbindaren 1 in Smedjebacken – a facility developed together with Torngrund where the company conducts production of advanced HVDC components. Further strengthening the relationship with Hitachi Energy Sweden aligns with Logistri’s strategy to invest in business-critical properties and develop long-term partnerships with market-leading tenants. Hitachi Energy in Sweden is in an expansive phase – a journey driven by SEK billion investments, technological innovation, and a strong commitment to the energy transition.

A building permit application will be submitted to the municipality of Ludvika, ant the construction is planned to commence during autumn 2025. The project is expected to be completed in early 2027. The contractor is Krafthus with Lindesbergs Bygg as subcontractor, the same contractor constellation that successfully built the property Bokbindaren 1 in Smedjebacken for Hitachi Energy Sweden.

Through the transaction, Logistri deepens its strategic cooperation with Torngrund. As a result of the transaction, Torngrund is expected to become a long-term shareholder in Logistri, as part of the future project profit will be settled in the form of Class B shares in Logistri. The letter of intent does not contain binding commitments to complete the transactions for either party. Logistri is considering various financing alternatives in connection with the planned property acquisition, including a capital raise. Logistri and Torngrund intend to enter into binding agreements regarding the transactions in October 2025.

“The investment in a modern logistics centre in Ludvika is a key component of our Swedish growth strategy. We look forward to deepening our collaboration and building a long-term partnership with Torngrund and Logistri,” says Tobias Hansson, CEO of Hitachi Energy in Sweden.

“It feels fantastic to be entrusted as the main supplier for this project! We look forward to strengthening the collaboration with Hitachi and to contribute to delivering a successful project and long-term value for all stakeholders,” says Henrik Eriksson, founder of Torngrund.

“We are pleased to extend our cooperation with one of our largest and most important tenants, Hitachi Energy. Together with Torngrund, we are now realizing the development of a strategically important asset for Hitachi’s operations in Ludvika. This initiative aligns fully with Logistri’s strategy to invest in business‑critical properties and to build long‑term partnerships with market-leading companies,” says David Träff, CEO of Logistri.