Logistea AB (publ) (OM:LOGI A) entered into agreement to acquire Property at Vattnet 1 in Borås from Knut Hansson Holding AB on May 3, 2024. The property Borås Vattnet 1 has an underlying property value of SEK 52 million. Under the terms of agreement, the acquisition of a property in Borås with an underlying property value of SEK 52 million, of which SEK 5 million regards investments in batteries, solar panels and charging infrastructure, from a subsidiary to Holdingaktiebolaget Knut Hansson. In a related transaction, Logistea has also entered into an agreement regarding the acquisition of a property in Åmål with an underlying property value of SEK 185 million from a fund managed by Slättö Management. The acquisition is financed through a directed issue of approximately 1,150,000 class B-shares in Logistea at a subscription price within the range of SEK 14.00 ? 15.50 per share as well as bank loans. The number of Logistea shares before the transactions amounts to 17,087,861 A-shares and 219,768,114 B-shares respectively, and the number of shares after the completed transaction amounts to 17,087,861 A-shares and approximately 226,575,780 B-shares respectively. The annual revenue amounts to approximately SEK 4.0 million (excluding rent supplements), of which approximately SEK 0.6 million regards revenues from batteries, solar panels and charging infrastructure.

The transaction is considered as a closely related transaction in accordance with Chapter 16 a in the Swedish Companies Act due to Logistea?s board member Stefan Hansson is the owner of Holdingaktiebolaget Knut Hansson, the indirect owner of the acquired property. Hence, the transaction is conditional upon the approval at an extraordinary general meeting in Logistea. Closing of the transaction will take place after the construction has been completed which is expected to take place during the fourth quarter of 2024.