The tenant in the newly built logistics facilities is a subsidiary of the international DSV Group, which offers transport and logistics solutions and has operations in over 80 countries. The acquisition is taking place as a corporate transaction, with an underlying property value of approximately DKK 3.3 billion (EUR 442 million) and is taking the form of a sale-leaseback transaction. The purchase price for the shares amounts to approximately DKK 698 million (EUR 94 million) after deduction of deferred taxes and the acquisition is financed with own funds and external credit. DSV Road A/S is signing a 14-year lease in connection with the transaction.
The property in question, Mossvej 27-29, is located in a well-established logistics area in, very well connected to E45 being one of the two most important highways in Denmark. The site area is around 705,565 sqm and the lettable area is approximately 315,000 sqm. The facility is not only the largest logistics centre in Denmark, but also one of the largest logistics sites in Europe. The property will be certified to DGNB, whereas the warehouse will certify for DGNB Silver and the office for DGNB Gold. The roofs features large solar cell plants installed by the seller with a total capacity of 35 MWp annually. This, combined with other energy solutions, makes the entire facility self-sufficient.
The estimated net operating surplus will be around DKK 200 million (EUR 27 million), with the tenants taking possession on 30 September 2024. During 2024, Catena acquired the Örja 1:22 property in Landskrona and the Tornbornahögen 7 property in Helsingborg from the same seller.