Catena signs lease agreement with Menigo and invests SEK 607 million at Logistics Position Landvetter
Catena is constructing a logistics facility for Menigo at Logistics Position Landvetter – the emerging new logistics hub in the Gothenburg region.
15 March 2022, 8.30 a.m. CET
In connection with the zoning plan coming into effect in December 2021, Catena signed a land transfer agreement regarding part of the Dansered 1:64 property. The plot covers 210,000 m2 in a prime logistics location alongside route 40 at Gothenburg Airport in the Municipality of Härryda.
Catena is currently constructing the first logistics facility at the site – for a total investment of SEK 607 million, which also includes the cost of acquiring the land. The new building will have a floor area of 42,250 m2, with both cold and frozen storage units, as well as office space. The building is subject to exacting sustainability demands and will be certified in accordance with BREEAM Excellent. Aiming for a net-positive impact, various initiatives are also planned for biological diversity at the site. Catena has signed a lease for the facility with Menigo Foodservice, one of Sweden’s best established food distributors. The duration of the lease is ten years, with an estimated operating surplus of approximately SEK 38 million. The site offers Menigo opportunities for future expansion of about 8,000 m2.
“We are very happy to welcome Menigo to Logistics Position Landvetter. Like Catena, Menigo’s aspirations in terms of the building’s design and sustainable solutions are ambitious. Together, we will be able to develop the site entirely in line with our visions,” says Jonas Arvidsson, Catena’s Regional Manager for Gothenburg.
“We look forward to moving into an up-to-date facility with modern technologies that will cut our lead times, shorten our journeys to customers and reduce our overall climate footprint. We already have a good partnership with Catena and look forward to continuing our collaboration,” says Jonas Köhler, CEO at Menigo.
Construction will commence in the autumn of 2022 and Menigo plans to move in during the summer of 2024. Menigo is already a tenant at several other properties owned by Catena.
For further information, please contact
Jörgen Eriksson, CEO, Tel. +46 (0)730-70 22 42, jorgen.eriksson@catenafastigheter.se
Jonas Arvidsson, Regional Manager, Gothenburg, Tel. +46 (0)730-70 22 60 jonas.arvidsson@catenafastigheter.se
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This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation (MAR) 596/2014. The information was provided by the above contact persons for publication at the aforementioned time.
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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