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Investors - DECEMBER 12, 2023

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Slättö expands within public-use real estate through acquisition of close to €300m portfolio from Estea

by Released

Slättö has plans to create a new platform within public-use real estate by acquiring a portfolio of properties concentrated in Stockholm and Gothenburg with an underlying value of approximately €300 million ($323 million).

Slättö Core+ has entered into a conditional agreement to acquire a public use-portfolio with 47 properties totaling approximately 87,000 square meters (936,000 square feet) from Estea Omsorgsfastigheter. The portfolio is located in large municipalities in Sweden with a focus around Stockholm and Gothenburg. It consists mainly of elder care homes with a remaining lease duration of about nine years.

Slättö operates in the Nordics with a thematic investment strategy and builds up expert teams in real estate sectors where it holds a strong conviction in the underlying market trends. With this acquisition from Estea, Slättö establishes public use as a new business sector, supplementing the company’s existing themes in Nordic residential, logi

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