Författare: Isabella

Catella strengthens UK presence

Posted on by Isabella

Catella strengthens UK presence by signing a conditioned share purchase agreement to acquire majority stake in APAM Ltd
Catella AB has, through Catella Property Fund Management AB (“CPFM”), signed a share purchase agreement to acquire a majority stake in the leading UK real estate investment and asset management company, APAM Ltd. Closing of the transaction requires regulatory approval and other conditions to be fulfilled.
APAM Ltd (“APAM”) has experienced fast growth over recent years and had revenues of approximately GBP 7 million during the calendar year 2017. CPFM has agreed to acquire 75% of the shares in APAM for a price corresponding to GBP 18 million, on a debt and cash free basis. A non-refundable down payment of the purchase price of GBP 2.7 million was made at signing, while the remaining amount is to be paid in cash upon completion. Catella is not obligated to complete the transaction according to the agreement but it is expected to complete during second half of 2018, subject to necessary regulatory approval having been obtained from the financial supervisory authority in Luxembourg, Commission de Surveillance du Secteur Financier (CSSF).
“As a leading company within the strategically important UK market, APAM constitutes a key piece in Catella’s ambition to build the pan-European platform Catella has built the last years within our Property Investment Management business area, which has been our focus for the last four years”, says Knut Pedersen, CEO of Catella AB.
APAM is an independent real estate investment and asset manager operating exclusively in the UK market with a combination of skills to offer clients an ‘end to end’ approach to support their investment strategy. APAM has assets under management (“AUM”) of GBP 1.4 billion and 41 employees.
Simon Cooke and William Powell, founders and executive directors of APAM, will remain shareholders in APAM, each with 12.5% of the share capital and voting power after the transaction. APAM will continue to be independently run by its current management team and to pursue its successful growth strategy within UK. Co-operation between Catella and APAM will start immediately. Management from both companies see significant opportunities to strengthen their offering to international investors by leveraging the combined pan-European reach the two companies can provide. With APAM, Catella will reach SEK 200bn in AUM (GBP 18bn).
“Catella Property Investment Management has continuously strengthened its competitive position over the last years and has experienced an annual cumulated growth rate (CAGR) in AUM of 23% and a CAGR of 43% the last three years. This transaction further strengthens our position.” says Timo Nurminen, Head of Property Investment Management at Catella.
“We are impressed by the strong risk adjusted return APAM generates for its clients and are delighted to expand our offering for our clients in UK. Catella’s clients, in particular our Asian office’s, will be able to expand their pan-European allocation with a significant share allocated to the UK”, says Timo Nurminen.
Simon Cooke, founding shareholder and executive director, said: “This transaction brings together two great names in property investment management and Catella’s strategic investment provides us with an even stronger platform for growth. Will and I will continue to lead and drive the APAM business – it will be very much ‘business as usual’. We have enjoyed building APAM over the last eight years and look forward to working with Catella to leverage the new opportunities that this partnership brings.”
William Powell, founding shareholder and executive director, added: “Joining forces with Catella, marks the start of an exciting new chapter in APAM’s development, providing our clients with access to best-in-class advisers across 14 countries and an even more extensive range of services. By combining our strengths, this strategic partnership delivers significant potential to grow our business and our international client base, as well as opportunities for our team.”
In connection with the deal, CPFM and the two minority owners in APAM have entered into a call and put option agreement under which CPFM is being granted a call option to acquire the shares of the minority owners and the minority owners are being granted a put option to sell their shares to CPFM during the autumn 2023 at a price to be calculated through a pre-set formula depending on future profit development.

For more information, please contact:
Knut Pedersen
CEO
+46 8-463 33 10
knut.pedersen@catella.se
Timo Nurminen
Head of Property Investment Management
+358 50 337 3320
timo.nurminen@catella.se

The information in this press release is such information that Catella AB (publ) is required to disclose pursuant to the Market Abuse Regulation (596/2014). The information was provided for publication under the auspices of the above contacts on 10 March at 2.30 am CET.
About Catella: Catella is a leading specialist in property investments, fund management and banking, with operations in 12 European countries. The group has sales of approximately SEK 2 billion and manages assets of approximately SEK 150 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more at catella.com.

CA Fastigheter säljer handelsområde i Borås till Serena Properties

Posted on by Isabella

Pressmeddelande

CA Fastigheter AB har ingått avtal om försäljning av en handelsfastighet i Borås till Serena Properties AB. Affären sker genom dotterbolaget Armbåga Fastigheter AB med fastigheten Armbåga 3 som ligger i handelsområdet Knalleland, Borås. Serena tillträder 1 april 2018
Fastigheten förvärvades av CA Fastigheter år 2002. Arean uppgår till ca 20 200 kvm med bland annat Willy:s, Systembolaget, Rusta, ÖoB, MediaMarkt och Jysk som största hyresgäster. Affären förmedlades av Catella Corporate Finance.
”Försäljningen är en framtida positionering där mer nischade ägare av handelsfastigheter har bättre och bredare möjlighet till utveckling av handelsområden för att skapa långsiktigt hållbara handelsplatser. I Serena Properties har vi hittat en köpare som vi är övertygade kan ta över och möta framtiden, vilket kommer vara positivt för området, hyresgäster, Knalleland och Borås” säger Mikael Holmgren, affärsutvecklare CA Fastigheter AB.
”Vi är mycket nöjda och glada över att få förvärva den här handelsfastigheten i Borås, som passar väl in i Serenas investeringsstrategi. Vi ser fram emot att fortsätta utveckla fastigheten tillsammans med våra hyresgäster för att stärka området ytterligare. Det här är Serenas andra förvärv i Sverige och vi arbetar nu med att hitta fler intressanta förvärvsmöjligheter” säger Marc von Melen, VD Serena Properties AB

För ytterligare information:
Mikael Holmgren, Affärsutvecklare, CA Fastigheter AB
070-822 710 86
mikael.holmgren@cafastigheter.se
www.cafastigheter.se
Marc von Melen, VD, Serena Properties AB
070-269 08 05
marc.vonmelen@redito.se
www.serena.se
__________________________________________________________________________________________

Om CA Fastigheter AB
CA Fastigheter AB ingår i Claesson & Anderzén AB koncernen, en familjeägd investmentbolagsverksamhet, som idag drivs av tredje generationen. CA Fastigheter AB bedriver främst fastighetsförvaltning och fastighetsutveckling av eget ägda fastigheter belägna i södra Sverige. Förvaltningen, som omfattar ca 650 000 kvm, är indelad i tio regioner med kontor på sex orter i Sverige; Borås, Jönköping, Kalmar, Malmö, Stockholm och Växjö. Huvudkontoret finns i Kalmar. Utöver den svenska verksamheten äger företaget även fastigheter i Tyskland, Ryssland och Estland.
Förvaltningen bedrivs till största delen med egen personal, såväl vad avser teknisk och ekonomisk administration som teknisk skötsel. Målsättningen med koncernens fastighetsägande är att förvalta och utveckla befintliga fastigheter för att maximera långsiktig värdeutveckling. Detta skall åstadkommas genom att koncentrera fastighetsbeståndet till centralt belägna fastigheter, i vilka vi tillhandahåller bostäder och kommersiella lokaler med hög standard och med bästa tänkbara service gentemot våra hyresgäster.

Om Serena Properties AB
Serena Properties är ett fastighetsbolag som investerar i handelsfastigheter i Norden. Serena Properties AB äger och förvaltar en fastighetsportfölj bestående av 23 handelsfastigheter i Finland och två fastigheter i Sverige till ett värde av cirka 2,5 miljarder kronor. Serena Properties är ett joint venture mellan det svenska börsnoterade fastighetsbolaget Fastighets AB Balder (56 %), finska pensionsförsäkringsbolaget Varma (43 %) och det nordiska investment managementbolaget Redito AB (1 %).

CA Fastigheter AB säljer till Svenska Bostadsfonden 14 AB (publ)

Posted on by Isabella

Pressmeddelande

CA Fastigheter AB har idag, via bolag, ingått avtal om försäljning av fastigheterna Rustmästaren 2 samt Rosengård 15 & 16 i Huskvarna. Fastighetsbeståndet innehåller 76 lägenheter samt fem lokaler och har en totalyta uppgående till 7 538 kvadratmeter. Fastigheterna är till största delen byggda 1991/92 och har inga vakanser förutom sedvanliga omflyttningsvakanser.
Tillträde beräknas ske omkring 1 april 2018.

– Jönköping är fortsatt en tillväxtort som CA Fastigheter AB vill investera i och försäljningen ser vi som en renodling i portföljen med en positiv möjlighet för bägge parter, säger Mikael Holmgren Affärsutvecklare på CA Fastigheter AB.

– Vi ser fram emot att förvalta detta väl underhållna fastighetsbestånd i en tillväxtregion, där ett av våra egna lokalkontor är beläget, vilket medför nära kontakt med våra hyresgäster, säger Lars Swahn, VD på Svenska Bostadsfonden 14 AB (publ).

För mer information se vår hemsida www.cafastigheter.se eller kontakta:
Affärsutvecklare Mikael Holmgren, 070-8227108 CA Fastigheter AB eller
Regionchef Anders Gustafsson 036-7701723

CA Fastigheter AB är en familjeägd fastighetskoncern som idag drivs av tredje generationen. Koncernen bedriver främst fastighetsförvaltning och fastighetsutveckling av eget ägda fastigheter belägna i södra Sverige. Förvaltningen, som omfattar ca 650 000 kvm, är indelad i tio regioner med kontor på sex orter i Sverige; Borås, Jönköping, Kalmar, Malmö, Stockholm och Växjö. Huvudkontoret finns i Kalmar. Utöver den svenska verksamheten äger företaget även fastigheter i Tyskland, Ryssland och Estland.
Förvaltningen bedrivs till största delen med egen personal, såväl vad avser teknisk och ekonomisk administration som teknisk skötsel. Målsättningen med koncernens fastighetsägande är att förvalta och utveckla befintliga fastigheter för att maximera värdeutveckling. Detta skall åstadkommas genom att koncentrera fastighetsbeståndet till centralt belägna fastigheter, i vilka vi tillhandahåller bostäder och kommersiella lokaler med hög standard och med bästa tänkbara service gentemot våra hyresgäster.

Catella publishes preliminary figures for 2017

Posted on by Isabella

Catella publishes preliminary figures for 2017 and conducts a strategic review of card acquiring, resulting in reduced income in 2018
Following a strategic review of the card acquiring business that will result in reduced income in 2018, Catella has chosen to publish preliminary figures. Catella’s total income for the full-year 2017 amounts to SEK 2,477m (2,027), operating profit before impairment of intangible assets to SEK 414m (258) and profit for the period to SEK 284m (207*), of which attributable to shareholders of the parent company SEK 192m (122*). Finalised figures will be published in full on Friday, 23 February 2018 in Catella’s year-end report.
Catella has decided to conduct a strategic review of its card acquiring business. As a consequence, the client portfolio will be reduced and strategic options will be evaluated in relation to the remaining client portfolio. Income within the card acquiring business is expected to decrease by approximately SEK 70m annually from end of the first quarter of 2018. As a consequence of the strategic review, impairment of intangible assets and goodwill will take place totalling SEK 53m per 31 December 2017 in the Banking business area.
The total impairment of intangible assets amounts to SEK 53m per 31 December 2017, of which a goodwill impairment of SEK 20m is attributable to the anticipated reduction in income within the card acquiring business. Other impairment is a consequence of the strategic review and relates to other intangible assets of SEK 33m, expenses that are largely capitalised in 2017 and are attributable to IT systems and product development.
“The decrease in income within the card acquiring business should be considered in relation to Catella’s total income for full year 2017 of SEK 2,477m and an operating profit of SEK 414m before impairment of the intangible assets. This is the best operating profit that Catella has generated and we strongly believe that the initiatives taken within the Catella group will lead to continued growth going forward,” says Knut Pedersen, Catella’s CEO.
* Excluding the sale of shares in Visa Europe that took place in the second quarter of 2016 and gave a non-recurring effect for full-year 2016 of SEK 224m before tax reported in net financial income and SEK 150m after tax.

For more information, please contact:
Knut Pedersen
CEO and President
+46 8 463 33 10
knut.pedersen@catella.se

This information is information that Catella 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 7:00 p.m. CET on 21 February 2018.

Catella is a leading specialist in property investments, fund management and banking, with operations in 14 European countries. The group manages assets of approximately SEK 170 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more at catella.com.

Year-end report 1 January – 31 December 2017

Posted on by Isabella

Fourth quarter (1 October – 31 December 2017)
Net sales for the quarter amounted to MSEK 60 (290).
Operating profit before depreciation and amortisation (EBITDA) was MSEK 40 (61), of which associates had an impact of MSEK 7 (0) on the Group. Operating cash flow was MSEK 31 (41).
Operating profit (EBIT) was MSEK 22 (33).
Profit before tax amounted to MSEK 6 (12).
Profit after tax totalled MSEK 5 (10), corresponding to SEK 0.14 (0.30) per share.
Production declined to 202 GWh (238), of which Own wind power operations accounted for 108 GWh (128) and Co-owned wind power operations for 94 GWh (110), due to divestment of operating farms.
Average income from Own wind power operations was SEK 403 per MWh (433), of which SEK 280 per MWh (310) pertained to electricity and SEK 122 per MWh (122) to electricity certificates.
Repurchase of secured bonds at a nominal amount of about MSEK 52 was carried out.
An option agreement was signed with the right to acquire the Enviksberget project (app. 35 MW).

Full-year (1 January – 31 December 2017)
Net sales for the period amounted to MSEK 257 (594).
Operating profit before depreciation and amortisation (EBITDA) was MSEK 131 (138), of which associates had an impact of MSEK 7 (0) on the Group. Operating cash flow was MSEK 96 (185).
A decision was made during the year to recognise impairment of MSEK 152 (18) on the company’s assets in relation to Own wind power operations and Development and management.
Underlying EBIT (EBIT before non-cash impairment) was MSEK 54 (51) and EBIT was MSEK -99 (33).
Underlying loss before tax (loss before tax and non-cash impairment) amounted to MSEK -26 (-34).
Loss before tax amounted to MSEK -178 (-52) after non-cash impairment.
Loss after tax and impairment amounted to MSEK -180 (-41), corresponding to SEK -5.39 (-1.23) per share.
Production declined to 635 GWh (640), of which Own wind power operations accounted for 348 GWh (353) and Co-owned wind power operations for 287 GWh (287), due to divestment of operating farms.
Average income from Own wind power operations was SEK 380 per MWh (433), of which SEK 272 per MWh (297) pertained to electricity and SEK 109 per MWh (136) to electricity certificates.

Halmstad 16 February, 2018
ARISE AB (publ)

For further information, please contact
Daniel Johansson, VD Arise AB, +46 702 244 133
Linus Hägg, CFO Arise AB, +46 702 448 916

This information is information that Arise AB] is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication through the agency of the contact persons set out above, at 08.00 CET on 16 February 2018.

About Arise
Arise is one of Sweden’s leading wind power companies, with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ Stockholm.

Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone +46 (0)10 450 71 00, corporate id .no. 556274-6726
E-mail info@arise.se, www.arise.se