The property was acquired in June 2024 and currently comprises approximately 24,000 sqm of lettable area. The lease included an option for the tenant to construct additional area at a predetermined rental level. In connection with the acquisition, it was agreed that the seller would pay for and arrange for the extension and that SLP would pay an additional purchase price as a function of the estimated operating net income and an agreed yield. The additional purchase price, which will be paid upon completion, amounts to approximately SEK 117 million and the annual rental value for the extension amounts to approximately SEK 8.5 million. The project is conditional on authority decisions. 

“It is very positive that our tenant chooses to expand within the property and extend the agreement. The structure established at the time of the acquisition ensures an attractive return while strengthening cash flow and the average rental duration in the portfolio,” says Filip Persson, CEO of SLP.

“The extension creates good conditions for our continued development in Ulricehamn. By increasing our capacity of new, efficient and sustainable logistics space, we are strengthening our capacity and competitiveness. It is especially great that large parts of the expansion are already planned for additional customer volumes. We appreciate the long-term and close cooperation with SLP, which is important in making this possible”, says Oscar Andersson, CEO of Boxflow Group AB.