Logistea Converts Partille Asset to Retail Hub With New Long-Term Leases

Logistea AB Class A ( ($SE:LOGI.A) ) has issued an update.

Logistea AB has transformed its Partille Lexby 11:242 property from a warehouse and logistics asset into a retail-focused site by signing two long-term green lease agreements and extending an existing contract. New 12-year and 10-year leases with Granngården and Elon, covering a combined 4,045 square meters of previously vacant space, will add about SEK 5.1 million in annual rent, while a five-year extension with Elgiganten secures another 3,051 square meters through 2031.

The deals bring the total leased area at the property to 7,096 square meters with an annual rental value of SEK 8.2 million, fully covered for operating costs by tenants, and underscore growing retail demand in Partille, east of Gothenburg. By attracting established retail chains and reinforcing its tenant mix, Logistea boosts occupancy, strengthens recurring earnings and enhances the property’s positioning as a regional retail destination, supporting the company’s broader strategy of value creation in its portfolio.

The most recent analyst rating on ($SE:LOGI.A) stock is a Buy with a SEK15.50 price target. To see the full list of analyst forecasts on Logistea AB Class A stock, see the SE:LOGI.A Stock Forecast page.

More about Logistea AB Class A

Logistea AB is a Swedish real estate company specializing in warehousing, logistics and light industrial properties. The company, listed on Nasdaq Stockholm under the tickers LOGI A and LOGI B, focuses on managing and developing properties to attract long-term commercial tenants in strategically located markets.

Average Trading Volume: 4,012

Technical Sentiment Signal: Strong Sell

Current Market Cap: SEK346.5M

See more data about LOGI.A stock on TipRanks’ Stock Analysis page.