Catena’s partly owned company Foodhills Fastighets AB divests property in Bjuv, Sweden
Foodhills Fastighet AB has signed an agreement to sell the Bjuv 23:6 property in Bjuv via a corporate transaction at an underlying property value of SEK 645 million before the deduction of deferred taxes.
2 August 2024, 9.00 a.m. CEST
Catena has co-owned the property company Foodhills Fastighet AB since 2018; Catena’s share is 45 percent. In 2018, Foodhills Fastighet acquired the properties Bjuv 23:1 (part of Selleberga 17:1) and Lunnahus 4:2 in Bjuv municipality from the food company Findus which, for a long time, had both its headquarters and production facility on the properties. The site consists of a number of different buildings constructed between 1940 and 1998, with a lettable area of approximately 100,000 m².
Foodhills Fastighet is now selling the Bjuv 23:6 property, which has been subdivided from Bjuv 23:1. The property in question, Bjuv 23:6, has a land area of 149,669 m², with a lettable area of 27,425 m². On the property, there is a newly built, modern logistics facility with refrigerated storage erected in 2022. The facility is fully leased to the meal kit company Hello Fresh with a lease extending to 2032.
The buyer of the property is an international investor and the transfer date was 31 July 2024.
“By divesting the Hello Fresh facility, we're highlighting the value that we, together with our partners in Foodhills Fastighet, have built up over the years,” says Catena’s CEO Jörgen Eriksson.
For further information, please contact
Jörgen Eriksson, CEO, Tel. + 46 730-70 22 42, jorgen.eriksson@catena.se
Sofie Bennsten, Deputy CEO and CFO, Tel. + 46 730-70 22 41, sofie.bennsten@catena.se
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Catena is a listed property company that sustainably and through collaboration 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 30 June 2024, the properties had a total value of SEK 35,865 million. Catena’s shares are traded on NASDAQ Stockholm, Large Cap.
