Catena invests a further SEK 358 million in Logistics Location Sunnanå
Catena has today signed a lease with DS Smith and Lekia and is investing SEK 358 million at Logistics Location Sunnanå, just outside Malmö, Sweden.
Catena’s new establishment in Sunnanå, its fourth in this location, comprises two buildings with a common loading yard and parking area. The buildings in question are multi-tenant warehouses, totalling more than 36,000 square metres, that are flexible over time and adapted to accommodate multiple tenants.
Tenant DS Smith is a specialist in customer-specific packaging with emphasis on design and service close to the customer. The lease covers slightly more than 5,800 square metres.
Lekia is Sweden’s largest chain of toy shops with more than 130 locations in Sweden and Norway. It is also one of Scandinavia’s largest wholesalers in the play and baby segments. Lekia’s lease covers approximately 6,000 square metres.
Both tenants’ leases are valid for eight years and they are expected to take occupancy in the third quarter of 2019.
“The fact that DS Smith and Lekia have identified Sunnanå as a perfect logistics position for their respective operations further strengthens our commitment to Sunnanå and confirms the benefits of being able to offer a multi-tenant warehouse for our customers there,” says Catena’s Regional Manager in Malmö, Christian Berglund.
Logistics Location Sunnanå has the best possible location, with a direct exit from main road 11 and just a further 300 metres to the exit from the E6/E20 motorway. Negotiations are in progress with several tenants regarding the remaining 24,200 square metres. Fully leased, the rental value of the two buildings in question is estimated at approximately SEK 26 million on an annual basis.
For further information, please contact:
Benny Thögersen, CEO
Tel. +46 706-60 83 50
Christian Berglund, Regional Manager, Malmö
Tel. +46 702-17 83 88
Catena’s mission is to own, effectively manage and pro-actively develop properties in prime locations that offer the potential to generate a steadily growing cash flow and favourable value growth. Catena’s overriding goal, based on its focused orientation, is to give shareholders a favourable long-term total return. As of 31 March 2018, the properties had a total value of SEK 13,424.2 million.
Catena AB is listed on the Nasdaq Stockholm exchange.
This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation. The information was provided by the contact persons mentioned in this press release, for publication at the time stated above.