Catena’s presence in one of Sweden’s best logistics locations is further strengthened by the signing of an agreement to acquire land in the municipality of Jönköping.
The detailed development plan adopted by the Municipality of Härryda in November has now gained legal force. This entails implementation of Catena’s land acquisitions in the airport area, allowing development of Logistics Position Landvetter to commence.
Foodhills Fastigheter, a property company owned jointly by Catena and Backahill, among others, is constructing a new logistics facility for HelloFresh in the Municipality of Bjuv.
Catena is constructing a new logistics facility on Lodgatan in Malmö at an investment of approximately SEK 208 million. Sweden’s largest toy chain, Lekia, will be a tenant in the building.
Catena has acquired 565,000 m[2] of attractive logistics land from a private landowner in the Municipality of Bjuv.
Catena’s strong development continues. Stable cash flows and profit from property management that rose by 13 percent over the period builds the capacity required for continued sustainable growth and opportunities for achieving ambitious objectives.
Catena and Nowaste Logistics have been allocated all of the land at the Välluv industrial site in Helsingborg. Efficient, sustainable logistics facilities focusing on innovative solutions will be built at the site.
Logistics property company Catena has, for the first time, been certified by Great Place to Work – demonstrating that the company’s employees perceive Catena as an excellent workplace.
In May 2021, Catena established an MTN programme with a loan framework of SEK 5 billion. Today, Nordea Bank Abp joins the programme as an issuing institute.
Logistics property company Catena is updating its sustainability targets and advancing its positions regarding sustainable and efficient logistics facilities.
Catena appoints David Silvesjö as Head of Treasury and Malin Nissen as Head of Business Support, both becoming members of Catena’s management team.
Catena will be constructing a new logistics facility for PostNord TPL at the Ättekulla area in Helsingborg, an investment of approximately SEK 132 million.
Catena is investing SEK 124 million in the new construction of a further logistics facility at Logistics Position Tostarp in Helsingborg.
Sweden’s largest private pharmacy chain Apotek Hjärtat is now moving into one of Catena’s logistics properties in Norrköping.
Catena acquires a modern and efficient logistics property in Linköping. The tenant at the property is food company Scan Sweden.
Catena shows strong earnings for the first half of 2021. The cash flow trend remains positive and profit from property management has increased by 11 percent.
Within the framework of the MTN programme established in May 2021, Catena has issued senior unsecured green bond loans of 1.4 billion in total with a maturity of four years.
The detailed development plan adopted last autumn has gained legal force and Catena is now progressing with its development of Logistics Position Sunnanå, outside Malmö, for additional companies seeking to establish operations at the site.
Catena has established an MTN programme (Medium Term Notes) for borrowing on the capital market with a framework amount of SEK 5 billion. In connection with this, Catena is also launching a green framework.
Logistics property company Catena has been awarded an “investment grade” credit rating of BBB- with stable prospects from credit rating agency Nordic Credit Rating (NCR).
In accordance with previously published information, the number of shares and votes in Catena AB (publ) has increased.
The strong trend continues. In the first quarter of the year, Catena showed increasing profit from property management and a continued stable cash flow trend.
At Catena’s Annual General Meeting on April 29, 2021, the Annual General Meeting, inter alia, approved the Board of Director’s proposed dividend of SEK 7.50 per share for 2020.
Catena has today acquired the Björröd 1:208 property. The property of just over 7,500 square metres is fully leased to Liseberg AB.
Catena’s financial targets and guidelines brings stability to the company’s business model and contributes to strengthen the company’s financial position. By updating the targets in the Finance policy, conditions are created for continued growth.
As a result of the private placement completed by Catena on March 31, 2021, the documentation in preparation of the AGM regarding the Board’s opinion on payment of dividends will be adjusted.
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 29, 2020, resolved on a directed issue of 3,000,000 shares at a subscription price of SEK 360 per share (the “Share Issue”). The subscription price has been determined through an accelerated book building procedure and corresponds to a discount of 6.5 percent to the closing share price on March 31, 2021. Compared to the long-term net asset value per share of SEK 245.08 as of December 31, 2020, the subscription price corresponds to a premium of 47 percent. Upon settlement of the Share Issue, Catena will receive gross proceeds of SEK 1,080 million.
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 3 million new shares (the “Share Issue”), to Swedish and international institutional investors, through an accelerated book building procedure and has appointed ABG Sundal Collier and Kempen & Co as Joint Bookrunners in connection with the Share Issue.
In accordance with previously published information, the number of shares and votes in Catena AB (publ) has increased.
Catena’s Annual and Sustainability Report for 2020 has now been published and is available at the company’s website.
Shareholders of Catena AB (publ) are hereby invited to attend the Annual General Meeting on 29 April 2021.
In preparation for the Annual General Meeting of Catena AB (publ) on 29 April 2021, the company’s Nomination Committee announces its proposal regarding Chairman of the Board and other Board members.
In accordance with the company’s previous press release of 22 February 2021, Catena has now gained possession of six logistics properties valued at SEK 815 million with deferred taxes having been deducted. Under the authorisation given to the Board of Directors by the 2020 Annual General Meeting, 527 911 new shares in Catena will now be issued.
Catena is acquiring six logistics properties for a combined property value of approximately SEK 815 million following deductions for deferred taxes. The purchase consideration will be paid in part through newly issued shares in Catena.
Catena showed strong earnings for 2020, maintaining a stable cash flow trend and high value growth. While the Corona pandemic has entailed everyday challenges for Catena, it has also brought new business opportunities and growing interest in logistics properties.
Catena is investing a further SEK 300 million in the Morgongåva business park after today signing an agreement with Morgongåva Företagspark regarding a new project to construct another e-commerce facility in the area.
