05 / 02 / 2020 - 11:58

Lundgrens assists the Swedish listed property company Catena with the purchase of 3 logistics properties

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The acquisitions are structured as a Sale and Lease Back at a total purchase price of DKK 170 million. The 3 logistics properties are situated in Hillerød, Horsens and Odense from and comprise a total area of approximately 61,000 sqm with a combined gross floor area of 12,700 sqm.

Catena acquired the properties in Hillerød and Horsens on 31 January 2020. The property in Odense is under construction, and Catena expects to take position on 1 September 2020.

PostNord has entered a 10-year non-terminable lease agreement and the estimated net operating surplus amounts to approximately DKK 9 million.

These acquisitions take Catena a step further into the Danish market, additionally improving our conditions for linking Scandinavia’s freight flows. At the same time, we are deepening our close partnership with PostNord and we are proud that, as a landlord and active partner in discussions, we can contribute to their business beyond Sweden’s borders,” says Benny Thögersen, CEO of Catena.

The transaction team at Lundgrens was comprised by: Alessandro Traina, Ann Frølund Winther, Ida Simone Sarborg-Pedersen, Michala Gale, Peter Abildgaard and Tobias Vieth.

For more information: https://catenafastigheter.com/investors/press-releases/?data=https://publish.ne.cision.com/v2.0/Release/GetDetail/4F4CCF2C9115F966

Photo by: TrueMarketValue

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