Slättö Value Add I divests a logistics development to BlackRock Alternatives

Slättö Value Add I, through the logistics platform Evolv, has divested an ongoing logistics development in Pilängen Logistics Park in Örebro to BlackRock Alternatives.

The property comprises a last mile-logistics terminal of approximately 4.400 sqm fully leased to Budbee as well as a generic logistics asset of approximately 14,400 sqm. The property, Väghyveln 6, is located in Pilängen Logistics Park by the E18/E20 highways, southwest of Örebro. The buildings will be certified according to BREEAM Very Good and include 500 kW of solar power. Construction is ongoing and the premises are expected to be available to tenants starting from the third quarter of 2023.

- We are happy to close this transaction and look forward to completing the development of these two prime logistics assets in close collaboration with the BlackRock team, says Lars Axelsson, Head of Evolv and Partner at Slättö Förvaltning.

- We are pleased to continue to build BlackRock’s Nordic real estate portfolio and further strengthen our regional footprint within logistics through this acquisition. Together with Slättö, we look forward to developing these logistics assets, with sustainability at the core, to support the accelerated growth of e-commerce, comments Thorsten Slytå, Managing Director and Head of Nordic Real Estate at BlackRock.

Mannheimer Swartling and JLL acted as advisors to Slättö.

Linklaters and Colliers acted as advisors to BlackRock Alternatives.

About BlackRock Alternatives
BlackRock Alternatives serves investors seeking outperformance in infrastructure, private equity, credit, real estate, hedge funds and alternative solutions. We strive to bring our investors the highest quality investments by drawing upon our global footprint, superior execution capabilities and position as a preferred partner. BlackRock manages $318 billion in alternative investments and commitments on behalf of clients worldwide as of December 31, 2022.

About Slättö
Slättö is a partner-owned manager of alternative investment funds with focus on investments in Nordic real estate. The funds collectively manage assets of SEK +16 bn. Since inception in 2013, the firm has, with a strong track record, raised eight funds and executed more than 150 transactions with a total transaction value of SEK +30 bn.

About Evolv
Evolv is focused on development and active ownership of logistics and industrial assets. Evolv is part of Slättö and has a real estate portfolio of about 50 commercial assets based in the Greater Stockholm region, Western and Southern Sweden, and Finland.

For further information, please contact:
Lars Axelsson, Head of Evolv and Partner at Slättö Förvaltning
Tel: +46 70 205 91 32
E-mail: lars.axelsson@evolvproperty.se

Annachiara Torciano, Head of ESG and Communications
Tel: +46 76 696 25 88
E-mail: annachiara.torciano@slatto.se