News

28 augusti, 2025

Catella AB (publ) announces information regarding the completed repurchase of senior unsecured bonds in a nominal amount of SEK 101,250,000

Catella AB (publ) (”Catella” or the ”Company”) today announces the result of the tender offer announced on 21 August 2025, which was directed to holders of the Company’s senior unsecured SEK denominated bonds issued under the Company’s MTN programme established in 2024 (the ”Bonds”), whereby the holders were offered to sell their Bonds against cash consideration up to a maximum nominal amount of SEK 600 million (the ”Tender Offer”). The total volume which has been repurchased amounts to SEK 101,250,000.

The Tender Offer expired at 12:00 CEST today, 28 August 2025. Settlement of the Tender Offer is expected to occur on or around 4 September 2025. The final purchase price (the ”Final Price”) in the Tender Offer is set out in the table below.

Description of the Bonds ISIN Approved repurchase amount (SEK) Final Price
Sr Unsec. 2024/2028, Loan no. 101 SE0022757837 73,750,000 103.00%
Sr Unsec. 2024/2029, Loan no. 102 SE0023467246 27,500,000 103.25%

Following completion of the Tender Offer, the outstanding nominal amount of Catella’s Bonds will be SEK 526,250,000for Bonds with ISIN SE0022757837 and SEK 672,500,000for Bonds with ISIN SE0023467246.

To ensure that the Final Price is determined on market terms, the Tender Offer was carried out as a modified Dutch auction led by the Dealer Managers (as defined below), and it is the Board of Directors’ assessment that the Final Price reflects prevailing demand and market conditions. Further, Catella has resolved that the Company may repurchase additional Bonds at the same price level as the Final Price.

The Company has mandated DNB Carnegie Investment Bank AB (”DNB Carnegie”) and Nordea Bank Abp (”Nordea”) as dealer managers for the Tender Offer (the ”Dealer Managers”). Advokatfirman Cederquist acts as legal advisor to the Company in connection with the Tender Offer.

Nordea: +45 2465 7750, nordealiabilitymanagement@nordea.com
DNB Carnegie: bond.syndicate@dnb.no

For further information, please contact:

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


21 augusti, 2025

Strong quarter and well positioned for continued profitable growth

During the second quarter of the year, the transaction market continued to show positive trends in several of the twelve markets where Catella operates. This was despite the global economy being marked by significant uncertainty, with trade wars and escalating geopolitical tensions. Our own successful transactions during the period, notably the sale of Kaktus Towers and the Vega project in Copenhagen, underscored the positive sentiment. All three business areas contributed to a strong operating profit for the Group, which increased to SEK 303 M (35). Despite global uncertainty, we believe the European property market will continue to perform well, supported by falling interest rates, improved credit conditions, and low inflation – an attractive market position in which our strong capital position enables continued profitable growth.

During the quarter, we saw a continued, cautious recovery and higher transaction activity, despite most analysts predicting that the statements on tariffs in the beginning of the quarter would dampen large parts of the global economy. Overall, transaction volumes in the European market increased by 11 percent in the quarter compared with the same period last year. The increase was driven primarily by improved credit conditions, which have narrowed the gap between buyers and sellers and thereby increased likelihood of closing transactions. This trend benefits all our business areas.

I can conclude that there are favourable conditions for continued growth and a stronger European property market, provided that long-term interest rates stabilise at lower levels. This is supported by inflation remaining under control in both the Eurozone and the wider European market.

Another positive factor is the growing interest in Europe among property investors, as uncertainty in the US increases. This was evident at the major investor conferences in Europe and Asia in which we participated during the quarter. Interest is rising among American, Asian, and of course European investors, many of whom have traditionally allocated a large share of their capital to North America. Several large international funds are now reassessing their asset allocations, with the US no longer the obvious focal point. Political uncertainty, challenges in major city commercial property markets, and an increasingly complex regulatory landscape are making Europe appear as a more manageable and long-term alternative.

That said, we must factor in slightly weaker-than-expected economic growth in many European markets, driven by global trade tensions. Ongoing geopolitical unrest in several parts of the world could also alter conditions — for example, higher oil prices could spark a new wave of inflation. Despite the uncertainty, I remain optimistic and expect increased activity in the European property market.

Operating profit for the second quarter was SEK 303 M (35), driven primarily by the result from the sale of Kaktus in the Principal Investments business area (SEK 252 M), as well as improved operating profit in both Investment Management and Corporate Finance.

Increased diversification after divestment
The single largest event in the second quarter was the divestment of Kaktus Towers in the Principal Investments business area. Within the business area, our focus remained on developing and completing existing projects for sale, while also exploring potential investments — both in new development projects and in additional European aggregation mandates with capital partners.

Looking ahead, our focus in the business area is to reduce concentration risk and diversify the portfolio through the strategic use of own capital – via early-stage investments, co-investments, and partnerships – to grow assets under management, increase recurring income, and enhance long-term shareholder value.

During the quarter, we announced a joint investment with global real estate investor Barings in the Vega residential project in Copenhagen. Through a joint venture to build 269 affordable apartments, the Vega project and partnership clearly reflect our future investment strategy. Another example is the Silbersteinstrasse project in Berlin, where the building permit application was submitted in early June. The project addresses the demand for new housing and will comprise 92 rental apartments.

With property valuations now stabilised at a new level, we see a solid foundation for new and attractive investment opportunities of this kind – fully aligned with our strategy and supported by the strong capital position created through the divestment of Kaktus Towers. We also plan to repurchase interest-bearing debt, thereby improving capital efficiency and reducing interest expenses.

Advising on major transactions
As noted earlier, the transaction market maintained its positive momentum in the second quarter, benefiting the Corporate Finance business area. During the quarter, we advised on a growing number of large transactions, strengthening the outlook compared with the normally weaker first quarter.

For example, Catella Corporate Finance Denmark acted as adviser to NIAM in the divestment of the approximately 75,500 square meter office property Copenhagen Business Park. In addition, the Swedish operations acted as adviser on 18 transactions with a total value of SEK 3.7 Bn.

During the quarter, in line with the Group’s strategy for increased pan-European growth, Catella created the new position of Head of Corporate Finance Europe. The role highlights both the importance of the Corporate Finance business area and its growth potential. Since 15 August, this has been my new focus, and I look forward to developing the business area together with colleagues across Europe.

Increased assets under management
In the Investment Management business area, we recorded some improvement, supported by a stronger transaction market. Since the previous quarter, assets under management have grown by almost SEK 8 Bn, driven primarily by new management mandates in Denmark, the UK, and Finland. This has further strengthened our base of fixed and recurring income.

Compared with the previous quarter, operating profit rose by SEK 22 M to SEK 41 M, driven by a higher number of transactions and the resulting increase in variable income. As noted earlier, the preceding quarter was exceptionally weak in terms of completed transactions.

Outlook
This marks my final statement as interim CEO of Catella. I am grateful for the trust the Board has placed in me during nearly a year in this role, and for their renewed confidence as I take on my new position as Head of Corporate Finance Europe.

I warmly welcome Rikke Lykke as our new CEO and President and wish her every success. We will work closely together, and I am confident that, alongside our colleagues, we have every opportunity to continue strengthening Catella’s position as a leading pan-European property investment company, supported by a very strong financial base that enables us to capitalise on the opportunities in the current market environment.

Our focus remains on executing the strategies set for each of our business areas, strategies on which we are already delivering.
Catella looks to the near future with optimism, backed by a strong liquidity and capital position, further strengthened by the divestment of Kaktus Towers. We are well positioned to seize opportunities as they arise in the market and we actively evaluate new investment opportunities to drive growth and increased shareholder value.


Catella will be presenting the Interim Report and answering questions today at 10 a.m. CEST.
To participate in the conference, please see: https://financialhearings.com/event/51908

Daniel Gorosch, interim CEO and President up until 15 August
Stockholm, Sweden, 21 August 2025

For further information, please contact:

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


21 augusti, 2025

Catella AB (publ) announces tender offer regarding outstanding senior unsecured bonds for up to a total nominal amount of SEK 600 million

Catella AB (publ) (”Catella” or the ”Company”) is offering holders of the outstanding unsecured SEK denominated floating rate bonds set out in the table below, which were issued under the Company’s MTN programme established in 2024 (the ”Bonds”), to participate in a tender offer whereby the Company will repurchase Bonds for up to a total nominal amount of SEK 600 million against cash consideration (the ”Tender Offer”).

The Tender Offer expires at 12:00 CEST on 28 August 2025, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Company (the ”Expiration Date”). Settlement of the Tender Offer is expected to occur on or around 4 September 2025. Settlement of the transactions pursuant to the Tender Offer will occur as a secondary trade via the Dealer Managers (as defined below).

Purchase Price
Subject to the Minimum Purchase Price and the Minimum Denomination (each as specified in the table below), the Company offers to purchase the Bonds in cash at a price to be determined pursuant to a modified Dutch auction (as further described below), on the terms and subject to the conditions described in the tender document dated 21 August 2025 (the ”Tender Document”) which is available on the Company’s website via the following link: catella.com/bonds.

Description ISIN Outstanding amount (SEK) Minimum Denomination (SEK) Minimum Purchase Price
Sr Unsec. 2024/2028, Loan no. 101 SE0022757837 600,000,000 1,250,000 101.85%
Sr Unsec. 2024/2029, Loan no. 102 SE0023467246 700,000,000 1,250,000 102.40%

Modified Dutch auction procedure
Under the modified Dutch auction procedure, Catella will determine, in its sole discretion, following the Expiration Date, (i) the aggregate nominal amount of Bonds that it will accept for purchase pursuant to the Tender Offer (which shall not exceed the transaction cap of SEK 600 million), and (ii) a single purchase price for the each of the Bonds (the ”Final Purchase Prices”), expressed as a percentage of the nominal amount of the Bonds, at which it will purchase Bonds validly tendered in the Tender Offer.

A tender instruction given in respect of the Tender Offer shall specify the purchase prices for the Bonds at which the bondholder is willing to participate in the Tender Offer. Bonds tendered at prices equal to or lower than the Final Purchase Prices for the Bonds will be accepted for purchase and will be purchased at the Final Purchase Prices. Bonds offered for tender at purchase prices above the Final Purchase Prices will not be accepted for purchase in the Tender Offer.

For further information on the procedures for participating in the Tender Offer, please refer to the Tender Document.

To ensure that the Final Purchase Prices are established on market terms, Catella’s Board of Directors has resolved to carry out the modified Dutch auction procedure led by the Dealer Managers (as defined below).

The Company has mandated DNB Carnegie Investment Bank AB (”DNB Carnegie”) and Nordea Bank Abp (”Nordea”) as dealer managers for the Tender Offer (the ”Dealer Managers”).

Nordea: +45 2465 7750, nordealiabilitymanagement@nordea.com
DNB Carnegiebond.syndicate@dnb.no

For further information, please contact:

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


31 juli, 2025

Arise has signed asset management agreement for wind farms totalling 350 MW

Arise AB (publ) (“Arise”) has today entered into an asset management agreement for technical and commercial management of a portfolio of wind farms co-owned by funds managed by Energy Infrastructure Partners (“EIP”) and Fortum.

The assignment comprises 94 wind turbines with a combined capacity of almost 350 MW, located across Sweden, Norway, and Finland. This will be Arise’ largest asset management contract for technical and commercial management services to date and contributes to further growth of the Solutions business segment.

This milestone strengthens Arise’s position as a leading asset manager for technical and commercial services for onshore wind farms in the Nordic region. Leveraging its expertise, Arise will ensure the efficient operation and optimization of these wind farms.

Per-Erik Eriksson, CEO of Arise, commented: ”We are proud to be appointed as local asset manager for technical and commercial management for this portfolio and are looking forward to bringing our expertise to ensure its continued success. Collaborating with EIP and Fortum is an exciting opportunity, and we look forward to working together.”

Arne Urlau, Director, EIP, commented: ”Following a competitive tender, Arise’s selection is a an important milestone for this wind farm portfolio. The expectations we set are high, however Arise’s team has gone the extra mile to meet them and we are impressed by the team’s entrepreneurial spirit, inhouse expertise and owner mentality. We look forward to working together.”
Halmstad 31 July 2025

ARISE AB (publ)                                                                                                

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902


10 juli, 2025

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

  • Rental income increased by 10% and amounted to MSEK 494 (454).
  • Net operating income increased by 7% to MSEK 327 (305), giving a surplus ratio of 66.2% (67.7%).
  • Profit from property management increased by 26% and amounted to MSEK 202 (160), 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 15,374 (14,572) 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 82 (136). The decrease is mainly due to changes in the value of derivatives.

Significant events during the period April – June 2025:

-The zoning plan for Gasverket Östra in Stockholm was approved earlier this year by the City Planning Committee and the Development Committee. During the period the the zoning plan has been approved by the Municipal Council and legal force is now awaited before the work can begin.

-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 period, the industrial property Flahult 21:6 in Jönköping was acquired.

 

For further information, please contact:

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

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