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Catena Media ( (SE:CTM) ) just unveiled an announcement.
Catena has acquired a logistics facility in Jönköping for SEK 1,275 million, expanding its logistics space to over 200,000 m² with Elgiganten as the tenant. This acquisition strengthens Catena’s collaboration with Elgiganten and aligns with its strategic objectives by enhancing its presence in a prime logistics location. The facility is fully leased to Elgiganten until 2033 and is expected to generate a net operating income of approximately SEK 80 million. The location benefits from excellent transport links, including a new rail connection and proximity to the E4 motorway. Access to the property will be granted on 1 September 2025.
More about Catena Media
Catena is a property company that focuses on sustainably developing and managing logistics facilities. The company operates primarily in the Scandinavian metropolitan areas, aiming to generate strong cash flow for sustainable growth and stable returns. Catena’s properties are strategically located to support current and future goods flows, with a total property value of SEK 41,476 million as of March 2025. Catena shares are traded on NASDAQ Stockholm, Large Cap.
Average Trading Volume: 85,736
Current Market Cap: SEK136.1M
Learn more about CTM stock on TipRanks’ Stock Analysis page.