Catena builds a new logistics facility in Jönköping
Catena is building a new 33,000 m2 logistics facility in Jönköping, with a total investment of SEK 379 million. A lease agreement has been signed with Nowaste Logistics.
25 April 2023 at 08:30 CET
The new facility will cover an area of approximately 33,000 m2, part of which will consist of high bay storage of 30 metres in height. The facility will be built on the Stigamo 1:49 property, which was acquired by Nivika Fastigheter earlier this year and it will have a plot area of just over 85,100 m2. Catena has signed a nine-year lease agreement with third-party logistics company Nowaste Logistics for 13,000 m2 of the new facility, with an option to also lease the remaining space. Nowaste Logistics intends to use the facility to handle flows of goods for Granngården, a leading retail company in gardening and agriculture.
The new facility, which is being certified to BREEAM Excellent, has high sustainability standards. The aim is to construct the building using a wooden frame to reduce the carbon footprint, to implement smart solutions for energy consumption and rainwater collection systems, and to ensure well-thought out green spaces to preserve and encourage biodiversity. The plan is to install photovoltaic systems on the roof.
“We want to grow with our tenants, and Catena’s contribution to helping Nowaste Logistics get established in a new geographical market is fully in line with that strategy. Our long history together, where we have added new warehouse space in various stages at Logistikposition Tostarp in Helsingborg, means that we feel very confident in the arrangement and are looking forward to a successful collaboration in Jönköping as well,” says Jörgen Eriksson, CEO of Catena.
Nowaste Logistics is a progressive and fast-growing logistics company. The company is a leading logisitics player, with a focus on handling-intensive logistics and with core expertise in automation, IT and leadership, and establishing operations in Jönköping is part of Nowaste Logistics’ strategic focus going forward. Nowaste Logistics is a wholly owned subsidiary of Dole plc, listed on the NYSE.
“The fact that we’re now establishing operations in a new location is of great importance to us. We’re making a major investment, and Jönköping is one of the places that has been of interest for a long time. When choosing a property company, one factor of great importance for us and for our customers was the company‘s sustainability efforts, and how we can best meet our needs without compromising the climate and the environment,” says Johan Kallin, CEO of Nowaste Logistics.
The property is located close to Catena’s newly constructed building for Elgiganten.
Summary
- The lettable area of the facility will be 33,000 m2
- The total investment is expected to be SEK 379 million
- The investment is financed via own funds and available credit.
- Estimated net operating income is SEK 24.5 million.
- The tenant, Nowaste Logistics, has signed a nine-year lease agreement with an option to also lease the remaining space
- The objective is for the facility to obtain BREEAM Excellent certification
- Construction will start in Q3 2023, with Nowaste Logistics taking possession in Q4 2024
For further information, please contact:
Jörgen Eriksson, VD, Tel. +46 (0)730 70 22 42, jorgen.eriksson@catena.se
Jonas Arvidsson, Tel. +46(0)730 70 22 60 jonas.arvidsson@catena.se
Follow us: catena.se / LinkedIn / Twitter
Catena is a listed property company that sustainably develops and durably manages efficient logistics facilities through collaboration. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future flows of goods. The overarching objective is to generate a strong cash flow from operating activities to enable sustainable growth and stable returns. As of 31 December 2022, the properties had a total value of SEK 27,219 million. Catena shares are traded on NASDAQ Stockholm, Large Cap.
