Catella’s transaction of development project Grand Central completed
Catella AB (publ) has, as previously communicated, through its associated companies, signed an agreement with German Real Estate company Consus RE AG (previously operated under name CG Gruppe AG), to divest the property development project Grand Central in Düsseldorf, Germany. The transaction is now completed and will have a positive effect on profit after tax of approximately SEK 155 M during the third quarter 2020.Consus RE AG has taken over a significant part of the property development project Grand Central in Düsseldorf for their long term oriented portfolio. The project has been