Logistics real estate company SLP has acquired four fully leased terminal properties in a sale and leaseback transaction with DSV, which assumed ownership of the assets following its acquisition of Schenker.
The properties boast an average lease duration of just over seven and a half years, with the agreements structured as international triple net leases. The annual rental value amounts to SEK 78 million, and the agreed property value is SEK 1,111 million.
The transaction is being executed as a corporate acquisition and is financed through SLP's own funds as well as previously approved bank financing. Possession has been transferred for three properties located in Helsingborg, Västerås, and Borås, while the transfer of the Malmö property is expected in December, pending regulatory approval.
DSV A/S specializes in transportation services. Net sales break down by activity as follows:
- organization and management of air and sea transportation (62.2%);
- road transportation (22.6%);
- logistics services (15%): storage, packaging, loading dock transfer (reshipment of merchandise without storage), and distribution services intended primarily for industrial customers;
- other (0.2%).
Net sales are distributed geographically as follows: Denmark (8.7%), the United States (16.9%), Germany (8.1%), China (4.1%), the United Kingdom (3.9%), and other (58.3%).
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