Catena announced that it is acquiring a Danish property in Hvidovre, an investment of DKK 420 million. The seller is Bulk Industrial Real Estate AS, and the tenant is Scan Global Logistics. The property is located at Jernholmen 49 in the Municipality of Hvidovre, which is part of the Capital Region of Denmark, just six kilometres west of Copenhagen.

The property stands on an 81,000 square metre plot, part of which is covered by development rights enabling new production equivalent to 17,500 square metres of construction area. The three buildings already on the property together make up a lettable area of just over 32,000 square metres. The transaction is taking place as a corporate transaction with an underlying property value of DKK 420 million before deduction of deferred taxes.

Catena will complete the acquisition during the current month when the contract is signed.