Northern Logistic Property ASA - update rent situation>

Northern Logistic Property ASA - update rent situation>

ID: 3731

Northern Logistic Property ASA - update rent situation

(Thomson Reuters ONE) - (Oslo, 20 July 2009 - Northern Logistic Property ASA)Northern Logistic Property ASA ("NLP") has been informed thatbankruptcy proceedings have been opened in one of the tenants inMappen 3 in Linköping. The tenant, HC Distribution AB, rentsapproximately 16 000 square meters and the annual rent isapproximately SEK 6,5 millions. NLP starts the search for new tenantsimmediately.NLP has agreed with Green Cargo to extend the contract for Jorbromalm4:12 in Haninge, Stockholm. The contract originally expired 31st ofDecember 2013 and has been extended until September 2019. Theextension of the contract means that the contracts for Jorbromalm4:12 and Jordbromalm 4:34 will have the same duration. In connectionwith the extension, an investment of about SEK 5 millions is done andannual rent in the period is increased by approximately SEK 0,74million. Total annual rental income for the two properties, whichhave a combined area of around 33 000 square meters, will beapproximately SEK 21,8 millions.In Bleket 2, Karlstad, a contract for approximately 1 390 squaremeters has been signed. The area consists mainly of cooled storageand the annual rent is approximately SEK 1,3 millions. The contractstarts October 1st this year and runs until September 30, 2014.For further information:Per Gunnar Rymer, CEO: +47 907 77 627, email:per.gunnar.rymer(at)nlpasa.comAbout Northern Logistic Property ASANorthern Logistic Property ASA is a leading pure-play logisticproperty company based in the Nordic region. The portfolio consistsof 24 advanced logistic properties located in larger and regionalcities in Sweden and Denmark, with a total lettable area ofapproximately 804,000 sq.m. See also www.nlpasa.com.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Bereitgestellt von Benutzer: hugin
Datum: 20.07.2009 - 10:45 Uhr
Sprache: Deutsch
News-ID 3731
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