Northern Logistic Property ASA has signed a six year rental contract and a cooperation agreement with Scandinavian Supply Chain for its property Fröträdet 1 in Växjö. The rental contract starts in 2013 and is for approximately 18,000 m².
SSC and NLP have also entered into a cooperation agreement where the parties will work together to secure new tenants in the property. This agreement starts immediately.
Fröträdet 1 is a modern logistic property of approximately 68,000 m² in Växjö. The property consists of both cooled and frozen storage capacity in addition to warm storage and is of high quality. ICA rents the entire property until September 2013 and is currently sub-letting it to SSC.
Per Gunnar Rymer, CEO of NLP, says: "The agreements reflect a shared ambition of both SSC and NLP to work together to attract new tenants to the facility. SSC demonstrates their long term commitment to the facility by entering into a six year contract starting in 2013 and ending in 2019. We see the contracts as an important first step towards renting out the facility at the end of the current contract and look forward to working closely with SSC."