Kategori: Catella

01 November 2016

Catella acted as advisor to Eurocommercial in the acqusition of a retail development property in Kristianstad.
Extract from Eurocommercial’s press release:
EUROCOMMERCIAL ACQUIRES SHOPPING CENTRE UNDERCONSTRUCTION IN KRISTIANSTAD
ANNOUNCEMENT OF SCRIP ISSUE PRICE

Eurocommercial has acquired a site in Kristianstad in the southern Skåne region of Sweden, upon which a majorshopping centre – C4 Shopping – and external hypermarket are being constructed, with completion expected bythe end of 2018.
Kristianstad is approximately one hour’s drive north-east of Malmö and is the regional capital of a catchment of 300,000 people which does not currently have an out-of-town shopping centre. The newly acquired retail zone ison the E22 motorway and will include a 31,600m2 shopping centre housing approximately 90 shops and restaurants. A 6,500m2 hypermarket is being built opposite the shopping centre, with a further 2,500m2 of complementary retail units alongside it. The Company has also conditionally committed to acquire a 20,500m2 retail park on the site. The necessary planning consents have been received for all units.
The net acquisition yield for the shopping centre and the hypermarket is 6% and will generate a total purchasecost of around SEK 1.325 billion (c. €134 million), depending on the level of net rental income achieved. The net acquisition yield for the retail park will be 6.5%, if acquired, which will generate an additional cost of around SEK350 million (c. €35 million). Ground works have begun and the hypermarket is expected to open by the end of 2017, with the shopping centre opening approximately one year later.
Peter Mills, Eurocommercial’s Director responsible for Sweden said, “The Swedish team, under the leadership of Martin Bjöörn, has developed considerable construction and leasing expertise in major extensions of our shopping centres over the years. The Kristianstad acquisition allows us to utilise this experience to acquire properties at an earlier stage, thus achieving much higher yields than simply buying existing assets in a highlycompetitive market.”

Robert Fonovich
Telephone: +46 8 463 32 69
robert.fonovich@catella.se

28 October 2016
Catella enhances its Swedish property advisory services with six new analysts at the offices in Stockholm and Gothenburg to meet increased demand for both transaction advisory and capital-market related advisory services.

PRESS RELEASE
ROBERT FONOVICH, CATELLA
“The underlying market for property transactions remains strong. Even if the economy weakens, real estate will be highly attractive in relation to other asset classes. An investment in property combines the opportunity for attractive returns with inflation protection,” says Arvid Lindqvist, Head of Research at Catella.
“We are seeing many initiatives related to the capital markets, and interest from international investors remains high, both in Sweden and throughout the Nordic region. A number of institutions also wish to increase their exposure to property. To meet the increased demand for both transaction advisory and capital-market related advisory services, we are enhancing our Corporate Finance team with a number of new employees in commercial roles. Following these recruitments, our Swedish team numbers almost 40,” says Robert Fonovich, Head of Catella’s Swedish Corporate Finance operations.

Elin Ericson, a newly graduated real estate economist, Max Doherty, who joins us from Swedbank, and Dan Taranets from Capman have been employed at the Stockholm office. Gustaf Knall has been recruited internally to the Corporate Finance team. In November, Catella will also welcome Sophia Ångström from Credit Agricole to the Stockholm team.
Marcus Lotzman, a newly graduated economist, has been employed by the team in Gothenburg.

Catella’s Corporate Finance operations provide transaction advisory services in sales and acquisitions to national and international investors in Europe, with a focus on complex transactions. Catella also offers market analysis and strategic advice, as well as advice on financing, to companies in the real estate sector.
For more information, please contact:
Robert Fonovich
Head of Corporate Finance Sweden
+46 8 463 32 69
robert.fonovich@catella.se
Press contact:
Ann Charlotte Svensson
Head of Group Communications
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se

Press release 2016-08-10
Catella enhances Corporate Finance with senior recruitment

Micael Averborg has been recruited to Catella as Head of Transactions at Catella’s Corporate Finance operations in Stockholm. Micael joins us from Atrium Ljungberg where he was a member of the management team and was Business Area Director for Transactions and Marketing. He has worked in senior roles within the real estate industry for nearly 20 years.

Press release 2016-09-02
Catella: Parking in Europe – investors focus on multi-storey car parks

Until now, multi-storey car parks have barely been on investors’ radars. Ongoing yield compression of traditional property investments is changing all that. There are currently around 300 million public parking spaces in Europe and 48,000 multi-storey car parks. However, there is a vastly diffuse nature to the companies that provide parking facilities, lacking in uniformity.

Press release 2016-09-22
Catella: Property sector benefits from Brexit-effect

In the September edition of the Swedish “Catella Real Estate Debt Indicator”, the property sector does not appear to have suffered from the Brexit vote. The property companies’ loan-to-value has increased while their average interest rate has fallen, and listed property companies have outperformed the stock market. However, although the CREDI Main index increased from 41.0 to 42.5, the property debt financing market is still in contraction.

The Good to Great Tennis Academy and the municipality of Danderyd today announce the start of construction on a tennis facility in Stockholm with Catella as venue sponsor. The Catella Arena will be one of the world’s leading tennis facilities, where recreational players will be able to train alongside current and future tennis stars.
“Since we opened the Good to Great Tennis Academy at the beginning of 2011 we have worked hard to bring Swedish tennis back to world leadership. The Catella Arena will give us a facility that provides the best environment for being able to realise this vision, with tennis training, physio and sports injury treatments, as well as important provisions such as nutrition and schooling,” says Nicklas Kulti, one of the founders of Good to Great.
The Catella Arena, which is expected to be ready for inauguration after the summer of 2017, will be a public facility with seven indoor tennis courts, seven outdoor tennis courts, three indoor paddle tennis courts, three outdoor paddle tennis courts, an ultra-modern gym with a sports injury treatment room, a restaurant, schooling facilities and 18 rooms for overnight accommodation. As a way of giving back to the ATP and WTA tour, Good to Great Tennis Academy and Catella Arena will welcome ATP/WTA tier 1 members and their coaches to use the facilities for training.
“We are extremely pleased that the municipality of Danderyd will have a public world-class facility where our local residents will be able to play tennis and train alongside the current generation and the next generation of top tennis players,” says Olle Reichenberg, chairman of the Danderyd municipal council.
“Good to Great makes an important contribution to young tennis talent and to raising the profile of Swedish tennis internationally. Catella has been a proud sponsor of tennis for more than 15 years, and has been a main sponsor of Good to Great since 2015. With the Catella Arena we are taking the next step in our long-term commitment to Swedish tennis. In addition to making it possible for young talent to reach their full potential, our commitment to tennis creates new business opportunities for us and strengthens Catella’s brand,” says Knut Pedersen, President and CEO Catella.
“We welcome the Good to Great Tennis Academy to Danderyd, where there is great interest in tennis among juniors and seniors, both competitive players and recreational players. It is exciting that the municipality of Danderyd will have a venue on the tennis map of the world, where we can combine tennis at all levels, both professional and recreational. Collaboration between all stakeholders will allow us to serve more tennis players,” say Sten Alfredsson, chairman of the Danderyd Tennis Club, Micaela Hjelm, head of the Djursholm Tennis Club, and Anders Lindgren, head of Enebyberg Tennis Sports Club.

About the Catella Arena
• Planned inauguration: after the summer of 2017
• The facility: approx. 12,000 m2
• Address: Rinkebyvägen 20, Stockholm, Sweden
• 7 indoor tennis courts, 7 outdoor tennis courts
• 3 indoor paddle tennis courts, 3 outdoor paddle tennis courts
• Ultra-modern gym with sports injury treatment room
• Restaurant
• Tennis shop
• Schooling facilities
• 18 rooms for overnight accommodation
About Good to Great
The vision of the Good to Great Tennis Academy is to become the leading and best tennis academy in the world. To match this ambition, a new tennis facility will be constructed on Rinkebyvägen in Danderyd. The people behind Good to Great include former tennis professionals Nicklas Kulti, Magnus Norman and Mikael Tillström. Read more at goodtogreatworld.com

About Catella
Catella is a leading specialist in property investments, fund management and banking, with operations in 12 countries across Europe. Catella is listed on First North Premier on Nasdaq Stockholm. Catella is listed on First North Premier on Nasdaq Stockholm. Read more at catella.com
For more information, please contact:
Nicklas Kulti
Partner, Good to Great Tennis Academy
+46 708 71 04 22
nicklas@goodtogreatworld.com
Press contact:
Ann Charlotte Svensson
Head of Group Communications, Catella
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se
About Catella: Catella is a leading specialist in property investments, fund management and banking, with operations in 12 countries across Europe. Catella is listed on First North Premier on Nasdaq Stockholm. Read more at catella.com.

27 June 2016  | Corporate Finance

Catella has acted as financial advisor on a strategic joint venture between Danish pension fund PensionDanmark, developer Nordkranen A/S Ejendomsudviklingsselskab, and CPH City & Port Development, owned by the Municipality of Copenhagen and the Danish government, for an extraordinary residential development project in Nordhavn, Copenhagen.

Press release
Catella advised PensionDanmark and Nordkranen, securing both equity and construction debt financing provided by institutional non-bank financing. The project consists of 32,300 m2 of residential space, 600 m2 of commercial space and 1,000 underground parking spaces on a new artificial island to be constructed, called Kronløbsøen.

Kronløbsøen is located in Copenhagen’s and Scandinavia’s largest and most prosperous development area, Nordhavn, with close proximity to the inner city of Copenhagen. Currently, five pre-qualified architect teams are competing on designing the winning project, and the selected architect on the project is expected to be announced in August 2016. The joint venture is owned 50% by City & Port, 40% by PensionDanmark and 10% by Nordkranen.

“Copenhagen is experiencing substantial urban development. Huge infrastructure projects have been initiated to support this increased demand, including a new metro line to Nordhavnen – one of Copenhagen’s most attractive new urban districts. Catella is pleased to have been engaged in securing both the debt and equity financing for Project Kronløbsøen. The new joint venture combines strong resources and skills from three leading parties in the Danish real estate industry. Jointly they offer not only capital but also a well-balanced operational platform to secure the completion of the project. Catella is proud to have been a trusted advisor in this complex and important project. The cooperation among the parties has been very positive and progressive, strongly supported by Bruun & Hjejle, Bech Bruun and Manzanti-Andersen Korsø Jensen, securing the legal agreements and closing”, says Jesper Bo Hansen, Head of Corporate Finance at Catella.

“Institutional forward funding and participation in the early stage of the value chain has become increasingly important in the real estate industry, and Catella is well positioned to engage in such highly complex transactions, where securing debt and equity funding in combination with managing the different risks involved are important factors in creating higher returns and value for our clients. We will focus on such situations, not only in Denmark and the Nordics but across all our European market offices,” says Jesper Bo Hansen.
For more information, please contact:
Jesper Bo Hansen
Head of Corporate Finance in Denmark
+45 33 93 75 93
jesper.bo@catella.dk

Press contact:
Ann Charlotte Svensson
Group Head of Communications
+46 8 463 32 55, +46 72 510 11 61
anncharlotte.svensson@catella.se