Catena and Ejendomsinvest Egeskovvej ApS have today signed an agreement regarding the acquisition of the property in question, which will be constructed in a strategic logistics location adjacent to the E45 motorway in the Danish province of Jutland. The transaction is financed with own cash resources and will be implemented as a company acquisition at an assessed property value of DKK 333 million, before the deduction of deferred tax. The purchase price amounts to DDK 170 million. The property will be situated on a plot of 77,500 sqm and will have a lettable area of ​​approximately 31,900 sqm.

The tenant DKI Logistics A/S is a leading third-party logistics company in Denmark with a strong focus on warehouse automation and innovative IT solutions. Catena has signed a ten-year, index-based lease agreement with DKI Logistics A/S. The estimated net operating surplus amounts to approximately DKK 13.67 million.

“We look forward to a close and long-term relationship with DKI Logistics, which is a reputable and innovative player. This acquisition also establishes us in another excellent logistics location in Denmark,” says Fredrik Renå, Catena’s Regional Manager for Malmö and therefore also responsible for Catena’s Danish property portfolio.

Catena is scheduled to take possession of the property on 1 October 2022.