Författare: Isabella

Catella APAM Launches Sale of Prime Leeds Build-to-Rent Opportunity

Posted on by Isabella

Catella APAM, on behalf of its client NPV International (NPV), is pleased to announce the launch of the sale of Zurich House, a fully consented Build-to-Rent (BTR) development opportunity in a prime location within Leeds city centre.

Situated at 4 Canal Wharf, Zurich House occupies a gateway site in the city’s South Bank regeneration area – just a five-minute walk from Leeds Train Station and Granary Wharf. Planning consent has recently been secured for the comprehensive redevelopment of the site into a 170-unit residential scheme, featuring a mix of studios, one, two, and three-bedroom apartments.

The proposed development includes a high-quality amenity offer with a gym, cinema room, co-working spaces, dining/function room, landscaped ground floor and a generous rooftop terrace with panoramic city views.

“Zurich House represents an exceptional opportunity to acquire a planning-approved, design-led BTR scheme in one of the UK’s strongest regional rental markets,” said Rhys Williams, Associate Director at Catella APAM.

“With its strategic location, ESG-focused design, and short walk to key transport and employment hubs, this asset is ideally positioned for forward funders, investors, or developers seeking scalable urban rental stock.”

The scheme has been progressed by Bankfoot APAM, Catella APAM’s specialist development joint venture. Full planning consent was granted in February 2025, with JLL appointed to bring the site to market.

For further information, access to the data room or to arrange a site visit, please contact JLL:

Members of the Catella APAM team will be at UKREiiF in Leeds from 20–22 May. If you’re attending and would like to discuss Zurich House or wider opportunities across our portfolio, we’d be delighted to speak with you.

For further information, please contact:
Sarah Emms
Marketing & Communications
+447494 906 783
semms@apamuk.com

Catella APAM Drives Leasing Momentum at 12 Greek Street, Leeds with Dual Renewals

Posted on by Isabella

Catella APAM, acting on behalf of Cape Town-based investor NPV International (NPV), has completed two lease renewals at 12 Greek Street, Leeds – reinforcing tenant commitment to the building and highlighting the robustness of the Leeds office market.

Located just a three-minute walk from Leeds Train Station, 12 Greek Street is a 23,000 sq ft multi-let office and leisure building in the heart of the city’s prime commercial and leisure district. Since acquiring the building in June 2023, NPV has partnered with Catella APAM to drive value through early tenant engagement, focused leasing activity, and a tailored asset management strategy.

Demonstrating their continued confidence in 12 Greek Street, parkrun – a global charity that organises free, weekly, 5k and 2k community events in parks and outdoor spaces – has signed a new five-year lease for 1,200 sq ft on the 2nd Floor. They are joined by leading engineering consultancy Troup, Bywaters + Anders LLP, which has also reaffirmed its long-term commitment to the building with a renewed five-year lease for its 1,100 sq ft space on the 1st Floor, extending their presence at the address since 2019.

Chalwe Silwizya, Senior Asset Manager at Catella APAM, commented:
“We’re delighted to see both parkrun and Troup, Bywaters + Anders LLP reaffirm their long-term commitment to 12 Greek Street. These renewals are a clear endorsement of the building’s quality, location, and the experience it offers occupiers. Retaining valued tenants is the strongest testament to how well the building continues to perform in a competitive market.”

The renewals underscore Catella APAM’s continued success in managing regional office assets, ensuring resilience through forward-planning, local market knowledge, and active stakeholder engagement.
 

For further information, please contact:
Sarah Emms
Marketing & Communications
+447494 906 783
semms@apamuk.com

Bankfoot APAM Secures Council Approval for Transformative Zurich House Development in Leeds

Posted on by Isabella

Bankfoot APAM, acting on behalf of Cape Town-based investor New Property Ventures (NPV), is pleased to confirm that the proposed redevelopment of Zurich House has been granted approval by Leeds City Council’s City Plans Panel. This key milestone paves the way for a landmark regeneration project in the South Bank and Holbeck area, delivering high-quality, sustainable housing and enhanced public spaces.

The redevelopment will transform the existing 1990s office building into a contemporary Build-to-Rent residential scheme, comprising 170 apartments – 5% of which will be allocated as affordable housing, offered at discounted market rents for local residents. The scheme also features outstanding communal amenities, including residents’ lounges, workspaces, play areas, and a generous roof terrace offering expansive views across the city.

“This site reflected a clear shift in demand – where office use was no longer viable, the highest and best use became sustainable, high-quality rental homes,” said Andy Day, Senior Director at Bankfoot APAM. “As a multi-sector development manager, our role is to identify and deliver value-added strategies for clients with underperforming assets.”

The Zurich House development underscores Bankfoot APAM’s track record in repositioning stranded assets and aligning real estate strategies with modern urban needs. Sustainability is central to the project, with energy-efficient construction methods and premium materials ensuring long-term environmental and economic value.

“We see a direct correlation between sustainable design and long-term asset performance,” Day added. “Market data supports the view that best-in-class developments lease faster, maintain value, and attract long-term occupiers – underscoring the critical role of ESG in real estate investment.”

With planning approval now in place, Bankfoot APAM and NPV are actively exploring strategic funding options, including forward funding and outright disposal, to maximise stakeholder value. Construction is expected to begin in late 2025 or early 2026, delivering much-needed housing and contributing meaningfully to Leeds’ housing targets and economic growth agenda.

About Bankfoot APAM
Bankfoot APAM is a UK-based development manager operating as a joint venture between Bankfoot and APAM. The business specialises in the delivery of complex real estate projects across residential, commercial, industrial, and mixed-use sectors. With a focus on unlocking strategic and underutilised sites, Bankfoot APAM delivers sustainable, commercially viable, and socially responsible developments. The company works in close partnership with institutional investors, local authorities, and private sector stakeholders to deliver regeneration and repositioning schemes across the UK.

For further information, please contact:
Sarah Emms
Marketing & Communications
+447494 906 783
semms@apamuk.com

Interim report 1 January – 31 March 2025

Posted on by Isabella

Our diversification brings results – sale of the largest battery project in the Nordics to date

CEO Comment:

 

We are pleased to state that our investment in Finland through the acquisition of Pohjan Voima is beginning to bring results with the sale of the Pysäysperä battery project corresponding to a full 125 MW, which is the largest of its kind in the Nordics to date. The earnings effect will come in the second quarter in conjunction with closing. The second payment for our first BESS sale, Pajkölen, has now been paid according to plan and expectations. The company is continuing to deliver on our strategy, and we have also commenced project development in Germany, focusing on battery storage. We have now taken further steps towards achieving our financial target of carrying out project sales corresponding to a total of 400 MW for 2024 and 2025.

First quarter (1 January–31 March 2025)

  • Net sales for the quarter amounted to MSEK 85 (112).
  • Operating profit before depreciation and amortisation (EBITDA) was MSEK 24 (71).
  • Exchange rate effects during the quarter impacted EBITDA by an amount corresponding to approximately MSEK -18.
  • Operating profit (EBIT) was MSEK 2 (54).
  • Recognised profit/loss after tax totalled MSEK -19 (46) and earnings per share was SEK -0.39 (1.14).
  • Adjusted for non-recurring costs of MSEK -19 related to the company’s refinancing, profit after tax totalled MSEK 0 and earnings per share amounted to SEK 0.07.
  • Operating cash flow was MSEK 26 (117) and cash flow after investments amounted to MSEK -10 (54).
  • Production generated 91 GWh (90) with an average income of SEK 555 per MWh (746).
  • The project portfolio increased by almost 150 MW during the quarter.

 

Selected key figures Q1
2025		 Q1
2024		 Q1
2023		 Q1
2022		 Q1
2021
Net sales, MSEK 85 112 107 88 47
EBITDA, MSEK 24 71 76 61 23
Earnings per share, SEK1) 0.07 1.14 1.16 0.90 -0.12
Adjusted equity per share, SEK 63 60 62 33 24
Equity/assets ratio, % 67 56 61 54 50
Project portfolio, MW ~9,000 ~7,100 ~5,500 ~2,600 ~1,400
           

1)  Adjusted for non-recurring costs related to the company’s refinancing.

 

Significant events during the quarter

  • In January, Arise entered into a facilities agreement with DNB regarding a green term facility of approximately MEUR 52 and a green revolving facility of MEUR 40 and announced that the company will redeem all outstanding green bonds of MEUR 50. The new agreement leads to a significant reduction of the company’s financing costs. The bonds were redeemed on 31 January.
  • In January, Arise announced that the Board of Directors had resolved to once again utilise the authorisation granted by the 2024 Annual General Meeting to repurchase the company’s own ordinary shares. The company intends to repurchase its own shares for an amount of up to MSEK 50 until the date of the 2025 Annual General Meeting. Under this share buyback programme, 273,704 own shares were repurchased for approximately MSEK 10 during the quarter.
  • Arise subsidiary Pohjan Voima entered into an agreement with Alpiq AG for the sale of the Pysäysperä battery project with a capacity of 125 MW. The total cash consideration amounts to MEUR 6.7, which will be received upon closing. Closing is conditional upon certain approvals from authorities and is expected to take place in the second quarter of 2025.

Significant events after the end of the reporting period

  • In April, Arise announced that the grid connection for the Pajkölen project had been completed. The conditions were thereby fulfilled for the second part of the purchase price, which amounted to approximately MSEK 15 and was received by Arise in the same month.

 

Halmstad, 29 April 2025

Arise AB (publ)

 

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902

Markus Larsson, CFO Arise AB, +46 735 321 776

Arise subsidiary Pohjan Voima divests 125 MW battery project

Posted on by Isabella

Arise AB (publ) (“Arise”) has today, through its Finnish subsidiary Pohjan Voima Oy, entered into an agreement with Alpiq AG, a leading Swiss electricity producer and energy service provider, for the sale of the Pysäysperä battery project. The transaction entails all outstanding shares in Pysäysperän Sähkövarasto Oy.

Pysäysperä, located in central Finland, is expected to be one of the country’s largest BESS assets once constructed, with a capacity of 125 MW. The project also benefits from a fast-track grid connection to Fingrid’s substation in Haapajärvi.

The total cash consideration amounts to EUR 6.7 million, which will be received upon closing. Closing is conditional upon certain approvals from authorities and is expected to take place in the second quarter of 2025.

Per-Erik Eriksson, CEO, Arise:

”We are very pleased with this transaction, marking our second battery transaction in short period and our first in Finland. Our colleagues at Pohjan Voima have done an excellent job, bringing this project from concept to completion in just over a year. Furthermore, we see that these battery projects typically have a shorter development cycle which complements our wind and solar pipeline which typically have longer lead times. We continue to expand our pipeline with battery projects across our markets.”

Halmstad, 25 March 2025

ARISE AB (publ)

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902

Markus Larsson, CFO Arise AB, + 46 735 321 776

This information is such information as Arise AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10:00 CET on 25 March 2025.

About Arise

Arise is  a leading independent company that realises new green energy. The company develops, builds, sells and manages renewable electricity production. The company is listed on Nasdaq Stockholm.

Arise AB (publ), Linjegatan 7, SE-302 50 Halmstad, Sweden, telephone 46 (0)10 450 71 00, corporate id .no. 556274-6726. E-mail info@arise.se, www.arise.se