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Logistea AB Class A ( ($SE:LOGI.A) ) has shared an update.
Logistea has completed and handed over a 31,100 sq.m central warehouse in Forserum, Nässjö, to sporting goods retailer Intersport AB, finishing the SEK 204 million project ahead of schedule and under budget (excluding alterations) with an annual base rent of about SEK 14.7 million. Built with high ESG ambitions and targeting at least BREEAM Excellent certification, the facility features a large solar panel installation, extensive social and training areas including a staff sports hall, and will add an outlet store open to the public, while Intersport’s investment in advanced automation is expected to enhance logistics efficiency, sustainability and employee attractiveness, strengthening both companies’ operational and market positioning.
The most recent analyst rating on ($SE:LOGI.A) stock is a Hold with a SEK16.00 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 specialising in warehousing, logistics and light industrial properties. The company focuses on developing and managing strategically located facilities for logistics-intensive tenants and is listed on Nasdaq Stockholm under the tickers LOGI A and LOGI B.
Average Trading Volume: 3,668
Technical Sentiment Signal: Sell
Current Market Cap: SEK369.9M
See more insights into LOGI.A stock on TipRanks’ Stock Analysis page.