Catena Sells Property in Växjö

Catena divests in Växjö.

Image: Catena

Catena Sells Property in Växjö

Sweden — Catena is selling today the property Fröträdet 1 in Växjö via a corporate transaction to Alwex Holding for an underlying property value of SEK 260 million. The purchase price for the shares amounts to SEK 177 million and the property is sold at book value.

2022-06-13

The property Fröträdet 1 has a land area of 188,515 sq.m. with a lettable area covering 68,580 sq.m. and is located in Växjö in the Räppe industrial area. Alwex Lager & Logistik AB is currently the largest tenant with a contract running until 2024. Net operating income amounts to SEK 14 million.

“We are pleased to be selling Fröträdet to Alwex, who currently lease the majority of the property. In the process, Catena is continuing to streamline its property portfolio towards more modern properties with an optimal logistical location,” notes Jonas Arvidsson, Regional Manager in Gothenburg

Axel Ohlsson

[email protected]