Catena invests SEK 193 million in new logistics facility at E-city Engelholm
Catena will be investing SEK 193 million in E-city Engelholm after today signing an agreement with Boozt Fashion AB regarding a new logistics facility in the area.
20 September 2019, 3:00 p.m. CET
The new building of about 22,800 square metres will be constructed adjacent to Boozt’s existing facility. The duration of the agreement is 11 years and 4 months, with an estimated net operating surplus of slightly more than SEK 12 million. In addition to the new building being environmentally certified in accordance with Miljöbyggnad Silver, with strict requirements regarding energy, the indoor environment and selection of materials, a photovoltaic cell array capable of generating 255 kW will also be installed on the roof of the facility.
“This initiative strengthens E-city Engelholm as an excellent e-commerce location and we are pleased and proud to take this next step together with Boozt, a leading-edge company that shares our ambition to develop modern logistics facilities that are both efficient and sustainable,” says Göran Jönsson, Regional Manager at Catena.
Boozt.com is an online shop offering clothing, shoes, accessories and beauty products from more than 600 brands. Just as in Boozt’s existing facility in the area, the new building will also house automated warehousing solutions.
“Warehousing and logistics are core components of our business model and, partnering with a skilled player like Catena increases the opportunities of achieving our bold targets,” says Niels Hemmingsen, COO of Boozt.
E-city Engelholm is situated in an excellent logistics location, with direct connections to the E6 motorway, and Catena’s vision is to establish a complete e-commerce cluster at the site, meeting the needs of players in digitally driven trade. Construction of the next phase is expected to commence in the autumn of 2019, with the tenant moving in during the autumn of 2020.
For further information, please contact
Benny Thögersen, CEO
Tel. +46 730-660 83 50
Göran Jönsson, Regional Manager, Helsingborg
Tel. +46 42-449 22 66
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 June 2019, the properties had a total value of SEK 15,570.4 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.