Logistea AB (publ) has entered into an agreement to acquire a portfolio located in Jutland, Denmark. The properties have an underlying agreed property value corresponding to approximately SEK 1,010 million. The properties are fully leased to Velux with a remaining lease term for each asset of approximately 11 years. The lettable area amounts to approximately 131,000 sq.m.
Logistea is expanding its property portfolio and has entered into an agreement to acquire four properties located in Østbirk, Thyregod, Brædstrup and Gelsted through acquisitions of the property-owning companies. Østbirk and Brædstrup account for approximately 80% of the rental value and are located in Horsens Municipality. Most of the remaining rental value is located in Thyregod, in Vejle Municipality.
Velux A/S is one of Denmark's largest companies and a world-leading developer and manufacturer of skylights, with a history in Østbirk since the 1940s. In 2025, the Group had sales corresponding to approximately SEK 45 billion. The properties, together with the property that Velux already leases from Logistea, constitute Velux's entire production network in Denmark and are well suited to the tenant's production and logistics operations. Annual rental income for the now acquired properties amounts to approximately SEK 78 million and all leases are triple net leases where the tenant pays for all operation and maintenance costs. All leases are covered by a parent company guarantee from VKR Holding A/S. Closing is expected to take place on October 15, 2026. After the transaction, Velux will account for approximately 7 percent of Logistea's total rental income.
“With this acquisition, we are doubling our presence in the Danish market by acquiring attractive assets leased to a market-leading, financially very strong global tenant with a long history in each of the properties. This creates both operational and financial synergies and increases Logistea's relevance as a landlord as well as a company in the transaction market. In addition, the properties contribute quality, long duration and strong cash flow to our growing portfolio, and we look forward to a continued long-term partnership with Velux," says Anders Nordvall, Deputy CEO and CIO at Logistea.“
The transaction is financed with bank loans and own funds.
