Northern Logistic Property ASA : Northern Logistic Property ASA signs 10 year rental agreement in Umeå covering 3 470 sq m

Northern Logistic Property (NLP) has today signed a 10 year rental agreement with Norrlandsägg Economic Association within the property Mätaren 6 in Umeå. In the property, which today is occupied by ICA, who will move from the mentioned area, NLP will make a tenant customization of the property and prepare premises for Norrlandsägg. Occupancy will take place 1st of October 2012. The rental agreement, including 3 470 sq m logistics space, extends to 10 years and has an annual rent of SEK 2 250 000 in addition to media and real estate taxes paid by the tenant.

"We have during the spring had a very good and constructive dialogue with Norrlandsägg which now has resulted in a long rental agreement and we are very pleased," comments  Peter Strand, CEO of NLP.

Mätaren 6 is a modern logistics property of 25 700 sq m with a strategic location. The property has a high proportion of loading doors and also rail connection.

"We are happy to sign the agreement with NLP, who creates modern and efficient premises to enable our next step in the development of Norrlandsägg," says Britt-Marie Lindberg, CEO of Norrlandsägg, in a comment.  

For further information :

Peter Strand, CEO: +46 705 88 1661, e-mail: [email protected]
 

About Northern Logistic Property ASA

Northern Logistic Property (NLP) is a nordic real estate company with focus on warehouse and logistics properties. The portfolio currently consists of 20 properties, from a logistical point of view very strategically located and with a total lettable area of 711 365 sq m. NLP was founded 2006 and listed on the Oslo Stock Exchange in June 2007 and is the only publicaly traded real estate company in the Nordic countries who are completely focused on owning and managing logistics properties. Of the total property portfolio are 19 properties located in Sweden and one in Denmark. NLP offers logistics facilities in connection with any frequent Swedish traffic flows. Stockholm, Gothenburg and Malmö are in focus but also the regions Norrköping, Linköping, Örebro and Västerås. In addition, in Copenhagen, Denmark, in an area with well developed infrastructure.