Catena sells ten properties to Emilshus for €53m

Catena has agreed to divest ten light industrial properties in Sweden to Emilshus for SEK 614 mln (€53.2 mln).

Logistics property - Emilshus

The agreed purchase price is about 8% higher than their latest valuation. The properties are located in attractive locations with good communications and have an economic occupancy rate of 98% with well-known tenants such as Beijer Byggmaterial, DHL, GDL, Lindab, and Skånska Byggvaror.

The properties included in the sale are Konen 5 (Halmstad), Tankbilen 9 (Trelleborg), Postiljonen 1, Smeden 1 (Växjö), Rebbelberga 26:37, Rebbelberga 26:38 (Ängelholm), and Olsgård 4, Slätthög 1, Slätthög 2, Slätthög 6 (Malmö). These properties collectively offer 53,100 m2 of lettable area with an annual rental value of approximately SEK 45 million (€3.9 mln), and the average remaining lease term is 4.3 years.

Catena is scheduled to transfer ownership of the properties on 1 July 2026.

Catena’s head of Properties, Johan Franzén, commented: "The sale of these properties is in line with our strategy and will, in the long term, benefit the composition of Catena’s overall property portfolio."

Jakob Fyrberg, CEO of Emilshus, added: "Through these acquisitions, we are strengthening our position in southern Sweden within our prioritised light industry category. The properties have a high occupancy rate, stable rental income from established tenants and complement our existing portfolio well."