Catena and NELLY collaborate on automation

Catena has signed a supplementary agreement with tenant Nelly to finance the automation solution for Nelly’s new logistics facility, an investment of approximately SEK 84 million.

30 November 2020, 3:00 p.m. CET

In September 2020, Catena acquired a newly constructed logistics facility in the Municipality of Borås, with Nelly as a tenant. Through a supplementary agreement, Catena will now be financing the automation solution with track systems to be installed within the property. The solution will be manufactured by Autostore and delivered by Element Logic. Nelly will have the option of acquiring the equipment at a later date.

“With our expertise and experience in the area of logistics, we are able to resolve our customers’ needs and contribute to their business in a broader perspective. Our mutually beneficial partnership with Nelly, is further strengthened through this arrangement,” says Jonas Arvidsson, Regional Manager at Catena.

Catena perceives increased demand for this type of complete solution as most new logistics facilities now contain a high degree of automation.

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 Catena is a listed property company that, through collaboration sustainably develops, owns and manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overall objective is to generate strong cash flow, enabling stable development and providing shareholders a favourable total return in the long term. As of 30 September 2020, the properties had a total value of SEK 17,779.2 million.  Catena’s shares are traded on NASDAQ Stockholm, Mid Cap.

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