Catella AB (publ) acquires land area and signs lease agreement in Vaggeryd through Infrahubs
In June 2020, Catella announced, in line with the company's stronger focus on properties, its intention to invest SEK 500 million to develop a logistics property in the municipality of Norrköping through the company Infrahubs Fastighet 2 AB. The investment is a part of Catella's strategy to develop modern logistics properties. Infrahubs Fastighet 4 AB has now signed the company's next major agreement.
As a first step, a 170,000 square meter land area in the municipality of Norrköping was acquired in June 2020. Work is now ongoing to complete a logistics property of approximately 70,000 square meters, which is fully let to Postnord TPL AB with a 10-year lease agreement.
Infrahubs Fastighet 4 AB has today acquired a 76,000 square meter land area in the municipality of Vaggeryd, with an option for an additional 53,000 sqm of adjacent land. In the first phase, Infrahubs will develop a logistic property of 45,000 square meter where a tenant has signed a lease agreement from 2022-09-01 to 2032-11-30. The land acquisition with Vaggeryd also includes an option for an additional 35,000 sqm of logistics property on a 53,000 sqm adjacent land together with a provision of an additional 113,000 square meter land area.
“Infrahubs are very pleased with the acquisition and the development of another new modern logistics property. Our dialogue with the municipality of Vaggeryd has been very good throughout the whole process and we are looking forward to our continued cooperation with both them and the future tenant” says Andreas Ekberg, Founder and Chief Operating Officer at Infrahubs.
“This deal is an important marker for Catella's new strategy with focus on real estate investments within the Principal Investments business area. The land acquisition in Vaggeryd and the associated lease agreement states that Catella, in this case through Infrahubs, meets the market need for attractive logistics properties with high demands on location and modern solutions. We see great opportunities for future products with good returns in the logistics segment” says Christoffer Abramson, CFO and incoming CEO of Catella.
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Catella is a leading specialist in property investments and fund management, with operations in 13 countries. The group has assets under management of approximately SEK 130 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com