Brief: Catena Signs Agreement With MM-Sport
29/04/2022 11:30
April 29 (Reuters) - Catena AB CATE.ST :
* SIGNS AGREEMENT WITH MM-SPORT FOR CONSTRUCTION AND RENTAL
OF A
NEW LOGISTICS FACILITY AT LOGISTICS POSITION LANDVETTER IN
HÄRRYDA MUNICIPALITY NEAR GOTHENBURG
* BUILDING IS EXPECTED TO BE COMPLETE IN 2024 AND TOTAL
INVESTMENT
IS ANTICIPATED TO COST SEK 449 MILLION
* CONTRACT PERIOD FOR MM-SPORT IS 10 YEARS
* TOTAL INVESTMENT IS EXPECTED TO AMOUNT TO SEK 449 MILLION
WITH
AN ESTIMATED NET OPERATING INCOME OF SEK 29.7 MILLION
* CONSTRUCTION WILL COMMENCE IN AUTUMN 2022 AND MM-SPORT IS
EXPECTED TO MOVE IN DURING SPRING 2024
Source text for Eikon: ID:nWkr4pmRjH
Further company coverage: CATE.ST
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