Setterwalls has assisted Catena in its acquisition of a newly constructed logistics property for SEK 398 million in Helsingborg

Catena has signed an agreement with DSV Road Holding A/S to acquire a property in Helsingborg via a corporate transaction at an underlying property value of SEK 398 million before deduction of deferred taxes.

The Torbornavägen 7 property is located in Ättekulla industrial area in Helsingborg and covers a total area of 41,800 square meters. The acquisition is taking the form of a sale and leaseback transaction in which DSV Road AB, in connection with the transaction, is signing a 10-year lease with Catena for a newly constructed, 29,330 square meters logistics facility. The logistics facility will be certified to BREEAM Very Good standard and equipped with a 500 kW solar cell plant.

The tenant of the newly constructed facility, DSV Road AB, is a subsidiary of DSV Road Holding A/S, which supplies logistics solutions for road transport in Europe and has distribution networks in both North America and Africa.

The estimated net operating surplus will be SEK 23-24 million, with the tenant taking possession on 27 March 2024.