Catena in final negotiations with Coop for a new automated warehouse
Catena AB and Coop Logistik AB have agreed on continuing a dialogue where the intention is for Catena to acquire a property and construct a 105,000 sqm automated warehouse in the municipality of Eskilstuna.
10 January 2020, 8:30 a.m. CET
For Catena the declaration of intent encompasses acquiring part of the property at Aspestahult 1:1 in Eskilstuna Logistik Park, new construction, and automation of the new facilities. The total investment for Catena is estimated to be SEK 3.7 – 3.9 billion. According to the current time plan, the facility should be operational in 2023.
“We look forward to the continued dialogue with Coop and we see a great potential for contributing to the development of one of the largest actors in the Swedish retail food sector”, says Benny Thögersen, CEO of Catena.
Negotiations are continuing on the final terms and conditions of the project. Further information from the parties will be announced in conjunction with a binding agreement.
For further information, please contact
Benny Thögersen, CEO
Tel. +46 730-660 83 50
Maths Carreman, Regional Manager Stockholm
Tel. +46 730-70 22 12
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 2019, the properties had a total value of SEK 15,918.3 million. Catena’s shares are traded on NASDAQ Stockholm, Mid Cap.
This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation. The information was provided by the contact persons mentioned in this press release, for publication at the time stated above.