Swedish Logistic Property (SLP) has announced the acquisition of a logistics property in Falkenberg, marking a significant expansion of its portfolio. The transaction, valued at approximately 430 million SEK, involves the purchase of a newly formed company that owns the land, construction contracts, and a lease agreement for the site known as Falkenberg Tröinge 6:75. The seller, Astoria Fastigheter, is a project developer with a focus on creating value through strategic real estate investments.

The property spans 65,000 square meters, with plans to construct a building covering over 38,000 square meters. A 12-year lease agreement has been signed with Speed Logistics, a company specializing in third-party logistics services. This agreement ensures an annual rental income of around 28 million SEK for SLP, further solidifying the property's value and contribution to SLP's revenue stream.

Tommy Åstrand, CEO of SLP, expressed enthusiasm about the acquisition, highlighting the addition of a modern, sustainable, and fully leased logistics property in a prime location along the E6 highway. Åstrand also welcomed Speed Logistics as a new tenant and noted that the deal extends SLP's average lease duration, enhancing the stability of its income. The move-in is scheduled for the second quarter of 2026, with the acquisition being financed through SLP's own funds.

This strategic acquisition underscores SLP's commitment to expanding its footprint in the logistics sector, leveraging prime locations and long-term leases to ensure sustainable growth. The deal not only adds a high-value asset to SLP's portfolio but also strengthens its relationship with Speed Logistics, a key player in the logistics industry. With this investment, SLP continues to demonstrate its ability to identify and capitalize on opportunities that align with its long-term objectives.

DNO ASA, the Norwegian oil and gas operator, has announced its Annual General Meeting (AGM) for 2025, scheduled to take place on 5 June at The National Museum in Oslo. The company has made provisions for remote participation, allowing shareholders to vote electronically in advance or submit a proxy. This move underscores DNO's commitment to accessibility and shareholder engagement amidst its expanding global operations.

In addition to the AGM announcement, DNO has reported a solid first quarter for 2025, with an operating profit of USD 28 million and revenues of USD 188 million. The company's net production saw an eight percent increase, reaching 84,200 barrels of oil equivalent per day. This performance is particularly noteworthy given the transformative USD 1.6 billion acquisition of Norway's Sval Energi Group AS, signaling DNO's strategic pivot towards enhancing its footprint in Norwegian waters.

The company's operational efficiency in Kurdistan has been a highlight, with production in the Tawke license increasing by 11 percent quarter-on-quarter. Despite the challenges posed by the closure of the Iraq-Türkiye export pipeline, DNO has managed to stabilize and even increase production from existing wells through innovative rigless interventions. This achievement not only demonstrates DNO's resilience but also its ability to maintain profitability with minimal investment.

Looking ahead, DNO Executive Chairman Bijan Mossavar-Rahmani emphasized the company's intention to replicate its Middle Eastern efficiencies in Norway. With the Sval acquisition expected to close around midyear, DNO is poised to embrace the 'faster, cheaper, better' ethos of the early Norwegian oil industry. This strategic direction, coupled with the company's strong Q1 performance, positions DNO as a formidable player in the global oil and gas sector.