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Logistea AB Class A ( ($SE:LOGI.A) ) just unveiled an update.
Logistea AB has announced the acquisition of a logistics property in Vansbro, Sweden, valued at SEK 433 million. The property, fully leased to the Nordic beauty retailer Lyko, spans 36,652 square meters and is expected to enhance Logistea’s earnings capacity by approximately 0.05 SEK per share. This acquisition strengthens Logistea’s portfolio with a high-quality, long-term leased asset, contributing to a strong cash flow and improved market positioning.
More about Logistea AB Class A
Logistea is a Swedish real estate company specializing in warehousing, logistics, and light industrial properties. The company’s shares are listed on Nasdaq Stockholm under the short names LOGI A and LOGI B.
Average Trading Volume: 7,704
Current Market Cap: SEK362M
Learn more about LOGI.A stock on TipRanks’ Stock Analysis page.