Bulletin from the annual general meeting of Catella A

The annual general meeting of Catella AB was held today on Tuesday 20 May 2025. The annual general meeting resolved in accordance with all proposals presented by the board of directors, the nomination committee and shareholders.

The annual general meeting resolved to re-elect the board members Tobias Alsborger, Pernilla Claesson, Samir Kamal and Sofia Watt, and to elect Erik Eikeland, Erik Ranje and Erik Rune as new board members. Erik Rune was elected as new chairman of the board of directors.

The annual general meeting adopted the income statements and balance sheets for the parent company and the group and resolved to discharge the board members and the chief executive officers from liability for the preceding financial year.

The annual general meeting further resolved to distribute dividend of SEK 0.90 per share, corresponding to a total of SEK 79,513,714.80, and that the remaining profit shall be carried forward. The record date for the dividend was set to Thursday 22 May 2025. Payment to the shareholders is expected to be made from Euroclear Sweden AB on Tuesday 27 May 2025.

The annual general meeting also resolved to:

  • approve the board of directors’ remuneration report for the preceding financial year;
  • determine the remuneration to the board members to SEK 695,000 to the chairman of the board of directors and SEK 430,000 to each of the other board members and, for work in the committees, SEK 155,000 to the chairman of the board of directors’ audit committee and SEK 120,000 to each of the other two members and SEK 60,000 to the chairman of the board of directors’ remuneration committee and SEK 45,000 to the other member;
  • elect KPMG AB as auditor for the period until the end of the next annual general meeting, with the authorized public accountant Johanna Hagström Jerkeryd as auditor-in-charge;
  • determine that remuneration to the auditor shall be paid in accordance with approved invoices;
  • adopt guidelines for remuneration to senior executives;
  • authorize the board of directors to, on one or more occasions during the period until the end of the next annual general meeting, with or without deviation from the shareholders’ preferential rights, resolve on a new issue of shares of Class A and/or Class B, in accordance with the terms and conditions of the board of directors’ proposal;
  • authorize the board of directors to, on one or more occasions during the period until the end of the next annual general meeting, resolve on repurchase and transfer of the company’s own shares of Class A and/or Class B, in accordance with the terms and conditions of the board of directors’ proposal; and
  • implement a long-term incentive programme for members of the board of directors including a directed issue and subsequent transfer of warrants, in accordance with the terms and conditions of the submitted shareholder proposal.

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

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.

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

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.
 

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

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.

Interim report CA Fastigheter AB (publ) January-March 2025

 

  • Rental income increased by 9% to MSEK 242 (222).
  • Net operating surplus increased by 8% to MSEK 154 (143), resulting in a surplus ratio of 63.7% (64.4%).
  • Profit from property management increased by 63% to MSEK 118 (72), mainly due to increased earnings from associated companies in connection with the sale of shares.
  • Profit from project activities amounted to MSEK 0 (0).
  • The market value of the properties amounted to MSEK 15,273 (14,573). CA Fastigheter does not market value the properties continuously during the year, increased value from year end 2024 refers to investments and exchange rate fluctuations.
  • Profit after tax amounted to MSEK 105 (99).

Significant events during January – March 2025:

-In January, CA Fastigheter acquired Lidingö Centrum through KB Nya Lidingö Centrum at a property value of SEK 811 million before deduction of deferred tax. The centre contains a total lettable area of just over 20,000 sqm with a rental value of approximately MSEK 78.5 per year. Closing took place on 28 February. Lidingö Centrum is a well-established local shopping centre on Lidingö and has approximately 50 tenants, mainly in retail, restaurants and public operations. The shopping centre is strategically located on Lidingö and has around 3.1 million visitors per year.

-During the period, sales of apartments in Brf Kvirkelhusen 2 began. Brf Kvirkelhusen 2 is the second phase of the Kvirkelhusen housing project in the Strandfuret area in Lomma. Phase two consists of 27 apartments.

-During the period, the zoning plan for Gasverket Östra in Stockholm has been approved by the City Planning Committee and the Development Committee. The next step is approval by the Municipal Council in June, after which legal force is awaited before work can begin.

-During the period, the associated company KB Ringvägen was divested.

 

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