Catena acquires new logistics property for DKK 333 million in Horsens, Denmark
Catena is acquiring a newly constructed property in Horsens, Denmark from Ejendomsinvest Egeskovvej ApS, the third-party logistics company DKI Logistics A/S will then move into the property as a tenant.
8 April 2022, 2.30 p.m.
Catena and Ejendomsinvest Egeskovvej ApS have today signed an agreement regarding the acquisition of the property in question, which will be constructed in a strategic logistics location adjacent to the E45 motorway in the Danish province of Jutland. The transaction is financed with own cash resources and will be implemented as a company acquisition at an assessed property value of DKK 333 million, before the deduction of deferred tax. The purchase price amounts to DDK 170 million. The property will be situated on a plot of 77,500 m2 and will have a lettable area of approximately 31,900 m2.
The tenant DKI Logistics A/S is a leading third-party logistics company in Denmark with a strong focus on warehouse automation and innovative IT solutions. Catena has signed a ten-year, index-based lease agreement with DKI Logistics A/S. The estimated net operating surplus amounts to approximately DKK 13.67 million.
“We look forward to a close and long-term relationship with DKI Logistics, which is a reputable and innovative player. This acquisition also establishes us in another excellent logistics location in Denmark,” says Fredrik Renå, Catena’s Regional Manager for Malmö and therefore also responsible for Catena’s Danish property portfolio.
Catena is scheduled to take possession of the property on 1 October 2022.
For further information, please contact
Jörgen Eriksson, CEO, Tel. +46 (0)730-70 22 42, jorgen.eriksson@catenafastigheter.se
Fredrik Renå, Regional Manager, Malmö, Tel. +0727 (0)730-43 45 44, fredrik.rena@catenafastigheter.se
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This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation (MAR) 596/2014. The information was provided by the above contact persons for publication at the aforementioned time.
Catena is a listed property company that, through collaboration sustainably develops and durably manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overarching objective is to generate strong cash flow from operating activities to enable sustainable growth and stable returns. As of 31 December 2021, the properties had a total value of SEK 23,400.0 million Catena’s shares are traded on NASDAQ Stockholm, Large Cap.
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