NLP extends 9,680 m² lease contract with Menigo
(Thomson Reuters ONE) -
Lund, September 14, 2011
Northern Logistic Property has renegotiated a lease contract with Menigo
Foodservice Ltd on 9,680 m² of warehouse space for refrigeration, freezing and
colonial stocks at the property Sköns Prästbord 2:4 in Sundsvall. The lease
contract comes into effect 1 January 2012 and expires 31 December 2021. The
annual rent is approximately SEK 7.0 millon. The agreement replaces the current
lease contract set to expire in September 2012 covering 15,800 sq ft with an
annual rent of 7.2 MSEK
"We are pleased to have signed a new contract with Menigo and that they remain
in our property. Menigo's new floor space will, after modernization, be
concentrated within the property which simplifies the rental of the remaining
space to another tenant," says Peter Strand, CEO of Northern Logistic Property,
in a statement.
The parties have also agreed that Menigo will withdraw from its premises in
Årsta before 1 January 2012. Most of these areas are currently leased to second
hand tenants whom will now be offered leases.
For further information please contact:
Peter Strand, CEO: +46 705 88 1661, e-mail: peter.strand(at)nlpfastigheter.se
About Northern Logistic Property ASA
Northern Logistic Property ASA (NLP) is a leading pure-play logistic property
company based in the Nordic region. The portfolio consists of 20 advanced
logistic properties located in strategic locations relative to major logistics
flows, with a total lettable area of 711 600 square meters. It is the only
listed company of its sort in the Nordic countries.
NLP delivers stable and increasing revenue and cash flow from rental income,
driven by an attractive lease structure with solid tenants.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Northern Logistic Property ASA via Thomson Reuters ONE
[HUG#1546897]
Unternehmensinformation / Kurzprofil:
Datum: 15.09.2011 - 15:01 Uhr
Sprache: Deutsch
News-ID 64528
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Kategorie:
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"NLP extends 9,680 m² lease contract with Menigo"
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