Catena will redefine its regional divisions as of 1 January 2024 and, thereby, update its segment reporting.
Catena AB (‘Catena’) has, in accordance with previously published information, increased its total number of shares and votes in October.
With increasing rental income and profit from property management, Catena is showing that it is possible to deliver and generate business even in an uncertain market.
The members of the Nomination Committee for Catena AB's Annual General Meeting 2024 have now been appointed.
With a zoning plan that has now gained legal force, the development of the new Logistics Position Söderåsen in Bjuv municipality can begin.
On 4 July 2023, Catena AB (’Catena’ or ‘the Company’) publicly announced that an agreement had been signed for the acquisition of all shares in Bockasjö AB and its subsidiaries (’Bockasjö’). Today, Catena completed the acquisition of Bockasjö and simultaneously, by virtue of the authorisation received on 27 April 2023 by the Board of Directors at the Annual General Meeting, carried out a new share issue of 328,094 shares to the sellers of Bockasjö.
Catena has acquired two new-build properties in Fjärås, Kungsbacka, Sweden, via a corporate transaction at an underlying property value of SEK 246 million before deduction of deferred taxes. Today, it is taking possession of one of these properties.
Despite the challenging business environment, Catena continues to win attractive business based on its unique land bank and long-term customer relationships.
Catena is signing a new loan agreement with Nordiska investeringsbanken (the Nordic Investment Bank). The agreement is for SEK 430 million with a maturity of eight years and is linked to Catena’s project with Elgiganten in Jönköping.
Today Catena signed an agreement to acquire Bockasjö AB, one of Sweden’s most successful developers in the logistics property segment. In connection with the deal, which will close in October 2023, Catena will issue new shares as part of the purchase price.
Catena is building a new 5,012 m[2] refrigeration terminal in Sundsvall, with a total investment of SEK 120 million. A ten-year lease agreement has been signed with Kyl & Frysexpressen.
Catena is starting the construction of three logistics facilities in Helsingborg totalling approximately 75,000 m2, an investment of SEK 950 million. The facilities will be a new landmark in the city and set the standard for the logistics properties of the future.
On May 25, credit rating agency Fitch Ratings has published credit rating BBB- with a stable outlook for the logistics property company Catena.
The outlook has been adjusted due to Catena’s good financial position and strong market position.
At Catena’s Annual General Meeting the 28 April 2022 the general meeting approved, among other things, the Board of Director’s proposal for a dividend for 2021 of SEK 8.26 per share.
In a time of uncertainty, with many companies forced to take a step backwards, Catena is striding forwards. With unique growth opportunities and a robust financial profile, the company is able to seize the opportunities that present themselves and continue to develop its operations.
The first section has now been completed in the construction of Elgiganten’s new logistics facility in Jönköping, a building covering a total floor area of 86,600 square metres with a load-bearing structure made entirely from glulam.
Catena is building a new 33,000 m[2] logistics facility in Jönköping, with a total investment of SEK 379 million. A lease agreement has been signed with Nowaste Logistics.
Catena signs a new loan agreement with Handelsbanken. The agreement covers energy performance criteria for two of Catena’s properties.
Catena’s Annual and Sustainability Report for 2022 has now been published and is available at the company’s website.
Logistics property company Catena now ranked as one of Sweden’s best workplaces.
Shareholders of Catena AB (publ) are hereby invited to attend the Annual General Meeting on Thursday 27 April 2023 16:00 CEST, at Clarion Hotel Sea U, Kungsgatan 1, in Helsingborg, Sweden.
In preparation for the Annual General Meeting of Catena AB (publ) on 27 April 2023, the company’s Nomination Committee announces its proposal regarding, among other, Chairman of the Board and other Board members.
Catena has signed a contract to acquire 85,000 m2 of logistics land in Stigamo, Jönköping.
In 2022, Catena methodically and successfully continued to work toward its corporate goals and sharpened its property portfolio. With the directed rights issue and the acquisitions made during the last quarter, Catena has entered 2023 with a strong position.
Catena is adding the net debt/EBITDA ratio key performance indicator to its existing finance policy.
In accordance with previously published information, the number of shares and votes in Catena AB (publ) has increased.
Catena has signed an agreement with ICA Fastigheter to acquire two properties in Arendal, Gothenburg and Upplands-Bro, Stockholm, via a corporate transaction at an underlying property value of SEK 500 million before deferred taxes.
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. The board of directors of Catena AB (publ) (”Catena” or the “Company”) has, based on the authorisation granted by the annual general meeting on April 28, 2022, resolved on a directed issue of 4,534,944 shares at a subscription price of SEK 362 per share (the “Share Issue”). The subscription price has been determined through an accelerated book building procedure and corresponds to a discount of 7.4 percent to the closing share price on November 29, 2022. Upon settlement of the Share Issue, Catena will receive gross proceeds of around SEK 1,642 million. The Share Issue generated a large interest and was oversubscribed.
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. Catena AB (publ) (”Catena” or the “Company”) intends to carry out a directed issue of up to 4,534,944 new shares (the “Share Issue”), to Swedish and international institutional investors, through an accelerated book building procedure and has appointed ABG Sundal Collier and Van Lanschot Kempen as Joint Global Coordinators and Bookrunners in connection with the Share Issue.
To inspire and encourage energy saving, a number of large players in the property sector are working together on a joint campaign ahead of winter.
Catena is investing SEK 124 million in an extension for tenant Coop Logistik in Enköping.
Logistics property company Catena is in the process of completing the financing of a water conservation project in which two coastal wetlands and two coastal estuaries are to be restored to create better spawning environments for fish.
Catena's rental income rose 12 percent during the period to SEK 1,150 million, while profit from property management amounted to SEK 723 million, an increase of 18 percent compared to the same period last year. Catena has a strong financial position with a low loan-to-value ratio and a good safety margin in its investments. With strong, long-term trends behind it and sustained demand for the company’s properties, Catena holds a unique position in the market with exciting opportunities ahead.
Catena is building a new logistics facility for the fast-growing consumables supplier Carepa at E-city in Ängelholm, an investment of approximately SEK 83 million.
Nowaste Logistics, a third-party logistics company, is moving into a newly built logistics facility at Logistikposition Tostarp in Helsingborg. Existing premises in the area are also being extended.
Catena has signed an agreement to sell the property Vanda 1 in Kista, Stockholm, via a corporate transaction at an underlying property value of SEK 460 million before deduction of deferred taxes. The purchase price for the shares amounts to SEK 345 million.
Catena appoints Amanda Thynell as Head of Sustainability and a member of Catena’s management team.
Catena continued to deliver a stronger performance, driven by rent increases, acquisitions and new projects. Along with a strong financial position and satisfactory safety margins in the projects, this provides flexibility and unique future opportunities.
Catena has signed an agreement with Elgiganten for the construction and rental of a new logistics facility in Jönköping totalling 86 600 square metres. The building, which might become Sweden’s first WELL-certified logistics facility, will be completed in 2024 and the total investment is expected to be SEK 813 million.
Catena is acquiring a newly constructed property which will be built in Horsens, Denmark from Ejendomsinvest Egeskovvej ApS. The third-party logistics company DKI Logistics A/S will then move into the property as a tenant.
Catena is selling today the property Fröträdet 1 in Växjö via a corporate transaction to Alwex Holding AB for an underlying property value of SEK 260 million. The purchase price for the shares amounts to SEK 177 million and the property is sold at book value.
In accordance with previously published information, the number of shares and votes in Catena AB (publ) has increased.
Catena has signed an agreement with MM-Sport for the construction and rental of a new logistics facility at Logistics Position Landvetter in Härryda municipality near Gothenburg. The building is expected to be complete in 2024 and the total investment is anticipated to cost SEK 449 million
At Catena’s Annual General Meeting the 28 April 2022 the general meeting approved, among other things, the Board of Director’s proposal for a dividend for 2021 of SEK 8.00 per share.
Rental income for the quarter increased to SEK 377 million (329) and net operating income increased to SEK 295 million (259). In a troubled world, Catena stands strong, and the essential function that logistics plays in society has grown even more evident. New projects were started, during the quarter – new modern logistics properties were acquired, a strong, long-term owner was welcomed aboard and the organization was further strengthened.
Catena is acquiring a newly constructed property in Horsens, Denmark from Ejendomsinvest Egeskovvej ApS, the third-party logistics company DKI Logistics A/S will then move into the property as a tenant.
