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Catena has signed an agreement with a fund managed by Niam to acquire a property in Jönköping for approximately SEK 1,275 million. As a result of the acquisition, Catena will own and manage a total of more than 200,000 m² of logistics space with Elgiganten as the tenant in Torsvik industrial area.
3 July 2025 5.30 p.m. CEST
The Barnarps Kråkebo 1:49 property is Elgiganten's original Nordic distribution centre and is adjacent to the newly built logistics facility that Catena completed for the same tenant in 2024. The acquisition is being undertaken as a corporate transaction with an underlying property value of approximately SEK 1,275 million, subject to the usual deductions for deferred tax. The acquisition is being financed with internal funds and external credit facilities. The seller is a fund managed by Niam. The acquired property is fully leased to Elgiganten until 2033 and is expected to generate a net operating income of approximately SEK 80 million.
The site comprises 232,000 m² of land and the lettable area is approximately 112,000 sqm. The logistics facility, which is certified in accordance with BREEAM In-Use Very Good, has been expanded in several stages. The most recent extension was in 2016, when the 12,000 m² high-bay warehouse was built. The location, in Torsvik industrial area, just south of Jönköping, is considered one of the best logistics locations in the Nordic region. A rail connection to the property is currently being established, and the E4 motorway, one of Sweden's most vital transportation routes, runs between the rail connection and Catena's newly constructed logistics facility for Elgiganten. As a result of the acquisition, Catena will own and manage a total of more than 200,000 m² of logistics space, with Elgiganten as the tenant in Torsvik industrial area.
"We are very proud that our outstanding collaboration with Elgiganten is now being further strengthened. Expanding alongside a high-quality facility situated in an optimal logistics location, in partnership with a reliable and established tenant with whom we already have a close working relationship, aligns perfectly with our strategic objectives", says Jonas Arvidsson, Regional Manager West at Catena.
Elgiganten is one of Sweden's leading home electronics distributors with its own store network and extensive online sales. The company has expanded its logistical infrastructure in recent years and has shown a high rate of growth.
"We are delighted to hand over a modern and well managed property to a professional player like Catena and we wish them all success in their continued co-operation with Elgiganten", says Henrik Gerdin, Fund Manager at Niam.
Access will be granted on 1 September 2025.
For further information, please contact:
Jörgen Eriksson, CEO, Tel. +46 (0)730 70 22 42, jorgen.eriksson@catenafastigheter.se
Jonas Arvidsson, Regional Manager West, Tel. +46 (0)730-70 22 60 jonas.arvidsson@catenafastigheter.se
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This is information that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation (MAR) 596/2014. The information was provided by the above contacts for publication at the aforementioned time.