The Äskatorp 4:9 and 4:26 properties are located close to the E6 motorway in Fjärås, south of Kungsbacka, Sweden. Seller is the property developer BRA Group, which has now completed Äskatorp 4:9, allowing Catena to take possession. The tenant for the completed facility is Nordic Labtech AB, which develops and manufactures advanced lab products.

Strihl Scandinavia AB and Seagull-Eye Logistics AB will rent space in the other property, Äskatorp 4:26, taking possession during the first quarter of 2024. Strihl Scandinavia AB manufactures and sells lighting equipment and is part of the industrial group Indutrade. Seagull-Eye Logistics AB is part of the Seagull Group, which focuses on functional clothing under the Five Seasons, Norrsken, Snoot and N82 brands.

“It feels great that we are able to acquire exciting tenants and several high-quality properties for our portfolio,” says Catena’s Regional Manager in Gothenburg, Sweden, Jonas Arvidsson.

Summary:

# Both properties have a total land area of 29,754 sqm with a lettable area of 14,061 sqm.

# Both properties are to be certified to BREEAM standard, Very Good.

# Average terms of the contract are eight years

# Net operating income for both properties is expected to be SEK 14.5 million.