Kategori: CA Fastigheter AB

Year end report 2024 CA Fastigheter AB (publ)

Posted on by olivia
  • Rental income increased by 5.0% to MSEK 901 (858).
  • Net operating income increased by 7.2% to MSEK 610 (569), resulting in a surplus ratio of 67.7% (66.3%).
  • Profits from property management decreased by 8.2% to MSEK 316 (292), mainly due to higher net operating income.
  • Income from project activities amounted to MSEK 77 (74).
  • The market value of properties amounted to MSEK 14,674 (14,334). Unrealized changes in the value of properties for the year amounted to MSEK -77 (-1,027).
  • Profit after tax amounted to MSEK 218 (-695), mainly due to unrealized changes in the value of properties.

Significant events during the year:

-During the first quarter, CA Fastigheter appointed Malin Claesson Stenström as the new CEO. Malin, who is part of the fourth generation of the owner family, took up her position in connection with Andreas von Hedenberg’s resignation on April 30, 2024.

-At the end of the first quarter, CA Fastigheter issued a senior unsecured green bond of SEK 500 million with a tenor of three years and will carry a floating interest rate of STIBOR 3m plus 225 basis points per annum. In connection with the issuance of a new bond, an early redemption of the previous green bond of SEK 500 million has been made.

-CA Fastigheter already has a credit rating according to BBB-, Stable. At the annual credit assessment, which was published in April, CA Fastigheter maintains it’s credit rating.

-During the year, major refurbishments of the properties Växjö 6:69 in Växjö, consisting of 102 apartments, and the property Hermodsdal 8 in Malmö, consisting of 100 apartments, were completed. These projects are a significant investment in our long-term work to develop the investment properties and the tenant offering.

CA Fastigheter is constantly working on sustainability, and during the year, five buildings in property management operations were environmentally certified according to the Swedish Green Building Council’s Miljöbyggnad iDrift rating silver, and one building that has undergone a significant renovation according to the Swedish Green Building Council’s Miljöbyggnad Nybyggnation with silver rating.

-During the fourth quarter, BRF Kvirkelhusen 1, consisting of 42 apartments, was completed. BRF Kvirkelhusen 1 is the first phase of the Kvirkelhusen project. The Project contained three buildings close to the shore in the Strandfuret area in Lomma. Stage two of Kvirkelhusen has been projected and sales started early 2025. The buildings are environmentally certified according to the Swedish Green Building Council’s Miljöbyggnad Nybyggnation with silver rating.

 

For further information, please contact:

Malin Claesson Stenström, CEO
+4673-923 97 59, malin.claesson@cafastigheter.se

Caroline Menninge, CFO
+4670-534 25 86, caroline.menninge@cafastigheter.se

CA Fastigheter acquires Lidingö Centrum

Posted on by olivia

CA Fastigheter Aktiebolag (publ) acquires Lidingö Centrum indirectly through a company acquisition from Grosvenor, a global privately owned organization. The acquisition is based on an underlying property value of SEK 811 million before deduction of deferred tax. The purchase price is SEK 786 million, financing is provided through own equity and traditional bank financing. The shopping centre contains a total lettable area of just over 20,000 sqm with a rental value of approximately SEK 78.5 million per year. Closing will take place at the end of February. The acquisition is conditional on approval by the Inspectorate of Strategic Products (ISP).

Lidingö Centrum is a well-established local shopping centre on Lidingö consisting of the properties Lidingö Oden 20 and Lidingö Oden 21 and has so far been managed by Areim on behalf of Grosvenor. The shopping centre currently has approximately 50 tenants, mainly in retail, restaurants and public operations. Coop and Systembolaget are the largest tenants. The shopping centre is strategically located on Lidingö and has around 3.1 million visitors per year.

”We believe in Lidingö, which is a strong market in direct proximity to central Stockholm. We know that the residents of Lidingö are loyal to both their local community and the shopping centre, and our ambition is to make the place even more attractive for both the residents of Lidingö and all other visitors,” says Charlotte Claesson Ripoll, Regional Manager at CA Fastigheter in Stockholm.

”For CA Fastigheter, it is important to be local and to know the market. We already own the Gasverket area in Stockholm Royal Seaport, which is now being developed from an industrial area into a vibrant district. It was therefore a short step across the bridge to Lidingö Centrum and we also see possible synergies between an established retail business and a district under development,” Charlotte continues.

CA Fastigheter owns properties with a lettable area of approximately 650,000 sqm spread over six regions in Sweden with the headquarter in Kalmar. The acquisition of Lidingö Centrum strengthens its presence in Stockholm, which today includes Veddesta Handelsplats in Järfälla in addition to Gasverket.

”We are a curious and long-term real estate company that invests where we see potential. Now we had an opportunity to grow in this part of the Stockholm region, and we took it,” says Malin Claesson Stenström, CEO of CA Fastigheter.

 

For more information, please contact

Malin Claesson Stenström, CEO of CA Fastigheter

malin.claesson@cafastigheter.se
+46 (0)73 923 97 59

Charlotte Claesson Ripoll, Regional Manager in Stockholm
charlotte.claesson@cafastigheter.se
Tel: +46 (0)73-923 97 51

Interim report CA Fastigheter AB (publ) January-September 2024

Posted on by isabella

• Rental income increased by 4.8% to MSEK 674 (643).
• The operating surplus increased by 5.4% to MSEK 454 (430), giving a surplus ratio of 67.3 (66.9) %.
• Profit from property management decreased by 2.3% and amounted to MSEK 232 (238). The decrease is mainly due to an increased financial expense.
• Profit from project activities amounted to MSEK 2 (22).
• The market value of the properties amounted to MSEK 14,632 (15,407). CA Fastigheter does not market value the properties continuously during the year, increased value from year end 2023 refers to investments and exchange rate fluctuations.
• Profit after tax amounted to MSEK 100 (189). The decrease is mainly due to changes in the value of derivatives.

Significant events during July – September 2024:
– The property Hermodsdal 8 in Malmö, which consists of 100 apartments, has undergone an extensive refurbishment of the building, with the interior renovations completed during the period. The exterior renovations are ongoing and are expected to be completed in the last quarter of 2025.
– In August, the property Grepen 1 in Borås was certified according to the Swedish Green Building Council’s Miljöbyggnad iDrift with a grade of silver. The property comprises of three buildings. CA Fastigheter is constantly working with sustainability and during the period, the work on environmental certifications has intensified, which is not only good for the properties but also increases knowledge about sustainability in the organization.

For further information, please contact:

Malin Claesson Stenström, CEO
+4673-923 97 59, malin.claesson@cafastigheter.se
Caroline Menninge, CFO
+4670-534 25 86, caroline.menninge@cafastigheter.se

Q3 2024 CA Fastigheteter AB (publ)

Erik Rune becomes the new president and CEO of Claesson & Anderzén AB and chairman of the board of CA Fastigheter AB

Posted on by olivia

The board of Claesson & Anderzén AB has appointed Erik Rune as CEO, taking office no later than November 15 this year. At the same time, Erik will take over as chairman of the board for CA Fastigheter AB.

Erik has many years of experience from leading positions in the property industry, including as CEO of Holmströmgruppen and Managing Director of London & Regional Properties’ Nordic operations. He has also worked with property financing at SEB and Eurohypo. In recent years, Erik has been running his own consulting business combined with various board assignments.

”Erik will be a strong addition with his broad background from real estate and financing but also from tech and startups. These are experiences that CA will greatly enjoy,” says Johan Claesson, chairman of Claesson & Anderzén AB.

”CA is a well-managed group with a long history, strong position and exciting operations both within and outside of Sweden. I am both honored and happy about the opportunity to further develop the company together with my new colleagues,” says Erik Rune.

Erik succeeds Johan Damne, who is leaving after leading the CA Group successfully for 35 years.

For questions, please contact Claesson & Anderzén AB’s chairman Johan Claesson, johan.claesson@claessonanderzen.com or 070-5471636.

Catella AB (publ) contemplates to issue new senior unsecured green bonds and announces tender offer regarding outstanding senior unsecured bonds

Posted on by olivia
Catella AB (publ) (“Catella” or the “Issuer”) has mandated DNB Bank ASA, filial Sverige and Nordea Bank Abp as joint bookrunners to arrange investor meetings to investigate the possibility of issuing new SEK denominated senior unsecured green bonds with an expected volume of SEK 500 million under its medium term note programme, with an expected tenor of 3.5 years (the “New Green Bonds”). Subject to market conditions, a capital markets transaction may follow.

The proceeds from the potential transaction will be used in accordance with the newly established green bond framework and include financing or re-financing of eligible green projects related to green buildings, renewable energy, and energy efficiency.

In connection with the issue of New Green Bonds, Catella is offering holders of the Issuer’s outstanding senior unsecured floating rate bonds maturing on 17 March 2025 with an outstanding nominal amount of SEK 1,250 million (ISIN: SE0015660444) (the “Existing Bonds”) to tender (subject to a transaction cap) their Existing Bonds for purchase by the Issuer for cash (the “Tender Offer”) at a price of 100.95 per cent of the nominal amount, plus accrued and unpaid interest. The Existing Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 26 August 2024 (the “Tender Information Document”).

The full terms and conditions of the Tender Offer can be found in the Tender Information Document, which is available in the following link: www. catella.com/bonds
The Tender Offer expires at 12:00 CET on 29 August 2024, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur at or around 5 September 2024. The Issuer’s repurchase of Existing Bonds is conditional upon a successful issue of New Green Bonds and the conditions set forth in the Tender Information Document.

Holders of Existing Bonds who accept the Tender Offer will be eligible to receive a priority in the allocation of the New Green Bonds, subject to the terms set out in the Tender Information Document.

The Issuer has mandated DNB Bank ASA, filial Sverige, and Nordea Bank Abp as joint arrangers and bookrunners in respect of the issuance of the New Green Bonds, structuring advisors for the green bond framework and as dealer managers and tender agents for the Tender Offer. Advokatfirman Cederquist KB has been appointed as legal counsel.

For more information, please contact:
Michel Fischer
CFO
+46-8-463 33 86
michel.fischier@catella.se

For further information, please contact:

Michel Fischier
CFO
+46-8-463 33 86
michel.fischier@catella.se