Catena sells two properties in Jönköping for SEK 141 million
Catena has signed an agreement to sell two properties in the Municipality of Jönköping.
16 March 2022, 3.00 p.m. CET
Catena will be divesting the two properties, Ättehögen 2 and Älghunden 3, in Jönköping at a total underlying property value of SEK 141 million, exceeding the most recent valuation by approximately 60 percent. The sale will be conducted as a corporate transaction, with the buyer being property company Västerhuset AB.
“With the sale of these properties, the composition of Catena’s overall portfolio will, in our view, better reflect our focus. We continue to perceive great potential in the region and recently acquired land at the Hyltena motorway junction with the intention of developing logistics facilities there that will be fully adapted to tomorrow’s logistics flows,” says Jonas Arvidsson, Catena’s Regional Manager for Jönköping.
The Ättehögen 2 property has a lettable area of about 8,710 m2 and the Älghunden 3 property has a lettable area of about 3,740 m2. The premises have a total of six tenants with varying operations. Catena will relinquish possession of the properties as of 1 April.
For further information, please contact
Jörgen Eriksson, CEO, Tel. +46 (0)730-70 22 42, jorgen.eriksson@catenafastigheter.se
Jonas Arvidsson, Regional Manager, Jönköping, Tel. +46 (0)730-70 22 60 jonas.arvidsson@catenafastigheter.se
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Catena is a listed property company that, through collaboration sustainably 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 31 December 2021, the properties had a total value of SEK 23,400.0 million Catena’s shares are traded on NASDAQ Stockholm, Large Cap.
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