Altra Fastigheter acquires properties for SEK 236 million and divests properties for SEK 420 million
Altra Fastigheter acquires properties for SEK 236 million and divests properties for SEK 420 million
During the second quarter, Altra Fastigheter (”Altra”) has entered into agreements to acquire four properties with total annual contracted rental income of SEK 20 million. Furthermore, Altra divests five properties in two separate transactions, with total annual contracted rental income of SEK 33 million. The divestments generate a positive earnings effect of SEK 19 million.
Acquisitions
The acquired properties are located in Luleå, Umeå and Örnsköldsvik with a total lettable area of 20,000 sqm. The properties are fully let under triple-net lease agreements with an average remaining lease term of 6.1 years, adjusted for break options. The transaction is conditional upon approval from the Swedish Inspectorate of Strategic Products. Closing is scheduled for the third quarter of 2026.
Divestments
The divested properties are located in Malmö, Säffle and Oskarshamn with a total lettable area of 23,000 sqm, mainly comprising premises for retail, education, office and industrial operations. The properties are fully let with an average remaining lease term of 7.4 years. The divestments in Malmö and Säffle were completed in June, and the divestments in Oskarshamn are expected to be completed in July 2026.
The agreed property value exceeds the properties' carrying amount in the most recently published interim report by SEK 17 million. The divestments in Malmö and Säffle were completed in June, and the divestments in Oskarshamn are expected to be completed in July 2026.
”The transactions form part of Altra’s communicated strategy to increase operational efficiency and optimise capital allocation through portfolio rotation. Through these transactions, we are transferring five properties where we have created value through active property management. At the same time, we are reducing the company’s geographical footprint by exiting two markets. The acquired properties strengthen our presence in three existing markets with solid growth potential,” comments Carl-Johan Hugner, CEO of Altra Fastigheter.
| Acquisitions | Country | Category | Area (sqm) | Closing |
| Luleå Storheden 1:8 | Sweden | Logistic | 9,447 | Jul 26 |
| Umeå Bingen 1 | Sweden | Logistic | 5,505 | Jul 26 |
| Umeå Lasten 1 | Sweden | Logistic | 3,211 | Aug 26 |
| Örnsköldsvik Överön 1:66 | Sweden | Logistic | 3,211 | Jul 26 |
| Divestments | Country | Category | Area (sqm) | Closing |
| Malmö Valhall 2 | Sweden | Retail | 6,858 | Jun 26 |
| Säffle Säffle 6:50 | Sweden | Retail | 6,365 | Jun 26 |
| Oskarshamn Snickeriet 4 | Sweden | Industry | 5,939 | Jul 26 |
| Oskarshamn Snickeriet 14 | Sweden | Office | 2,198 | Jul 26 |
| Oskarshamn Ratten 18 | Sweden | Warehouse | 1,615 | Jul 26 |