Catella plans real estate auctions for autumn 2012
Catella Corporate Finance is expanding its transactional advisory services by adding real estate auctions. Thus far, it is clear that four renowned real estate portfolio owners, international as well as Swedish, will be listing properties in the auctions, which are planned to take place in October/November 2012.
"This type of sales process is currently used both in Great Britain as well as Germany and works very well there. Allsop in Great Britain is one example. After the successes in the Kefren auctions in 2011, we see great potential for this sales arrangement in Sweden as well" says Erik Westerlund, at Catella Corporate Finance.
Preparations are underway for real estate auctions for a number of properties of various types located throughout the country and worth up to approximately SEK 50 million. The work in producing the information memorandum is underway and the properties will be marketed in a broad and structured campaign.
"By making a great deal of information about the properties available via the Internet while maintaining a close dialogue with a large number of purchasers, we ensure that we reach the right purchaser for each property", says Westerlund.
Detailed information about the properties and the sales process will be made available in September on the following website: auktion.catellaproperty.se.
Catella Corporate Finance is a leader on the Swedish market for advisory services in connection with property transactions and property-related services within debt and equity capital markets. Catella Corporate Finance has some 50 employees and offices in Stockholm, Gothenburg and Malmö. The company is a part of the Catella Group.
For more information, please contact:
Catella Corporate Finance (Sweden)
+46 8 463 34 02, +46 70 387 71 75
Managing Director, Catella Corporate Finance (Sweden)
+46 8 463 33 10
Communications Officer, Catella AB
+46 8 463 33 34, +46 72 726 33 34
About Catella: Catella offers specialised financial services and products within selected market segments. Catella has 340 employees in 13 European countries within two operating segments; Corporate Finance and Asset Management. Catella is listed on Nasdaq OMX, First North Premier and the share is traded under the abbreviations CAT A and CAT B. Remium AB is Catella’s Certified Adviser, +46 8 454 32 00. Read more about Catella at www.catella.com.