Catena signs letter of intent to sell properties - continues streamlining to Nordic metropolitan areas

Catena AB has signed a letter of intent covering the sale of six properties in Sweden. The properties are located in Trelleborg, Skara, Skövde, Falköping, Eskilstuna and Strängnäs.

The total building area of the properties amounts to about 35,000 m2. The agreed purchase consideration is SEK 240 M. The sale is being carried out as a company transaction.

”The agreement results in a streamlining of the property portfolio to the metropolitan regions in the Nordic countries,” says Peter Hallgren, President of Catena.

The buyer, Kenmore Property Group, will carry out a due-diligence process in January. Conditional on the process proceeding as planned , it is expected that a binding contract will be signed at the beginning of February 2007, with takeover at the end of February/early March 2007.