Kategori: Catella

Falling credit sentiments indicate higher credit margins ahead

Posted on by Isabella
In the February issue of CREDI, the Main index decreases from 57.1 to 44.6 indicating a significant deterioration in the market for real estate debt. Increasing bond spreads show a similar development in the bond market.

“Our survey suggests a large shift for the worse. Above all, it is the banks that see tougher times ahead in the market for real estate debt due to higher credit margins”, says Jacob Bruzelius, Head of Debt Advisory at Catella.

“Higher credit margins for bank debt going forward will, in combination with the already elevated swap rates and bond spreads, lead to higher average interest rates in the Swedish real estate sector”, Jacob Bruzelius continues.

“The extremely expansionary monetary policy will probably have to be tightened quite a bit in the future if central banks are going to bring down inflation. The risk is that this leads to falling asset prices, which in turn can lead to a recession. The most likely development going forward is that the monetary tightening will not be that forceful. However, inflation will not be curbed either. Real estate as an asset class is a traditional hedge against inflation, which leads to capital flows into the sector if inflation takes hold”, says Arvid Lindqvist, Head of Research at Catella.

The Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from catella.com/en/sweden/research. CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices and analyses based on publicly available data.

Catella takes further steps towards a simplified structure through the return of the banking license and sale

Posted on by Isabella

Catella takes further steps towards a simplified structure through the return of the banking license and sale of remaining shares in Catella Fondförvaltning AB.

As previously communicated, a decision on the withdrawal of authorization as a credit institution from the ECB was expected at the end of 2021. This decision was received during the fourth quarter of 2021 and means that Catella is no longer under supervision as a credit institution.

Furthermore, in reference to the press release distributed on 2020-06-10, Catella has used the right to sell the remaining 30 percent of the shares in Catella Fondförvaltning AB for SEK 60 million to Athanase.

“I am pleased that we have taken additional steps on our journey towards a real estate focused company. Looking ahead we can fully allocate our resources to developing and growing our three business areas: Catella’s market leading Corporate Finance advisory services, Property Investment Management with assets under management of SEK 112 billion, and our own Principal Investments of SEK 800 million in development projects across Europe” says Christoffer Abramson, CEO at Catella.

For further information, please contact:

Michel Fischier, Head of Investor Relations and Communications, tel. +46 (0)8 463 33 86

Catella is a leading specialist in property investments and real estate funds, with operations in 13 countries. The group has over EUR 10 billion in assets under management. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com.

Catella makes fourth investment in Swedish logistics properties through Infrahubs

Posted on by Isabella

Catella AB (publ) is investing, through its partly owned company Infrahubs Fastighet 5 AB, in developing a 25,000 sqm warehouse with Postnord TPL AB (Third-Party Logistics) as a tenant in a 10-year lease agreement.

Infrahubs has today entered into an agreement for the acquisition of a 44,000 sqm large land area in Municipality of Ljungby. In the area, a new logistics property of approximately 25,000 square meters will be completed. The property is fully let to Postnord TPL AB with a lease that runs for 10 years. The total investment amount is estimated at approximately SEK 150 million, where Catella’s part of the project amounts to 40%.

The facility will be a optimized logistics facility in an ideal position by the E4 in the growing commercial hub Ljungby. With the lease agreement, the partnership with Postnord continues, who previously also signed a lease in Infrahub’s facility in Norrköping. As with previous facilities, the construction of the building will be characterized by sustainable construction methods and building materials as well as energy-efficiency.

“It is clear that we see great opportunities in the logistics segment and that we want to contribute to sustainable solutions that meet current and future needs. Through Infrahubs, we see a successful combination of developing modern logistics facilities with high demands on sustainability and investments with good returns. This will be the fourth investment and the deal affirms our strategic focus on property investments within the Principal Investments business area” says Christoffer Abramson, CEO of Catella.

For further information, please contact:

Michel Fischier

Head of Investor Relations and Group Communications

+46 8 463 33 86

michel.fischier@catella.se

Catella enters into agreement to purchase landmark building in central Düsseldorf

Posted on by Isabella

Catella AB (publ) has, through its subsidiary Catella Project Capital entered into an agreement to acquire Königsallee 106 in central Düsseldorf. Through the agreement, Catella’s ambition is to contribute to the development of central Düsseldorf with sustainability, energy efficiency and modern urban quality in focus. The total investment is estimated to be EUR 250 million and Catella’s share of the project is 23%.

The investment is a major step in line with the company’s stronger focus on the property segment within the business area Principal Investments. The strategy is to grow through own investments and co-investments with selected partners, in this case WPV, a pension company managing over four billion euros in the German market.

Catella and its partners will now focus on the detailed long-term improvement plans for this critical 26,000 sqm. asset in Düsseldorf’s central business district.

“We are pleased to enter into this opportunity through our local team Catella Project Management and are honoured to partner with WPV on this landmark transaction. The development, together with the other Principal Investments in Germany, as well as logistic properties in France, Spain and Sweden showcases Catella’s ambition to successfully grow own property investments and partnerships across Europe. To date, nearly SEK 700 million of Catellla’s equity has been invested contributing to Catella’s long term internal rate of return target.  We see great opportunities for future partnerships and growing our Principal Investments portfolio across Europe” says Christoffer Abramson, CEO of Catella.

For further information, please contact:

Michel Fischier
Head of Investor Relations and Group Communications
+46 8 463 33 86
michel.fischier@catella.se

Management changes in Catella AB (publ)

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The Board of directors of Catella AB (publ) has decided to appoint current acting Chief Financial Officer (CFO) Mattias Brodin to CFO as of 1 August 2021.
On 1 June, Michel Fischier will take on the role as Head of Investor Relations and Group Communications and Johanna Bjärnemyr joins as Head of Group Legal.

Mattias Brodin has held the position of acting CFO since 26 March 2021. Before that, he has held positions as Interim Group CFO at Transcendent Group (publ.) and previously similar positions at Estate Group Sverige and Apoteksgruppen. Mattias Brodin has extensive knowledge of Real Estate and other industries such as Industry, Logistics and Retail.

“It’s feels wonderful to take on the role as Chief Financial Officer. Catella is a complex organization with challenging and interesting projects. I really look forward to contributing to Catella’s continued development together with the management team and all employee, says Mattias Brodin, incoming CFO.

Michel Fischier will start as Head of Investor Relations and Group Communications on 1 June. Michel most recently comes from the position as Vice President Investor Relations at SAS. He has extensive experience in investor relations and communications from roles in for example Hoist Finance and Skandia.

“I look forward to participating in the continued work of positioning Catella towards a more property-focused company. Catella has a strong brand both in the real estate industry and among investors. I see great opportunities to continued development, says Michel Fischier, Head of Investor Relations and Group Communications.

On June 1, Johanna Bjärnemyr is also taking on the role as Head of Group Legal. Johanna has deep experience from the real estate industry through roles at Hemfosa Fastigheter AB, Wistrand Advokatbyrå and Advokatfirman Cederquist.

“It feels great to join Catella during such an eventful time. Catella’s increased property focus, new business areas and work towards a broader market in a bigger context attracts me. I am very happy for the trust placed in me” says Johanna Bjärnemyr, Head of Group Legal.

“It feels fantastic to bring on board three such talented and experienced people as Mattias, Michel and Johanna to Catella. Their combination of solid expertise and broad experience in real estate and in their respective areas of responsibility will further strengthen Catella and help us develop our strategy with a focus on the real estate industry. Together, we are now in an even better position to develop the business, to ensure future growth, and to further strengthen our position in Europe”, says Christoffer Abramson, President and CEO of Catella.

Christoffer Abramson, Mattias Brodin. Michel Fischier, Johanna Bjärnemyr and Mathias deMaré, Head of Group HR, will together form Catella AB’s formal Group Management.

For further information, please contact:       

Christoffer Abramson
CEO and President
+46 (0) 8 463 33 25
christoffer.abramson@catella.se

Catella is a leading specialist in property investments and fund management, with operations in 13 countries. The group has assets under management of approximately SEK 117 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com..