Catena announced building a new logistics facility with substantial office space in Malmo, a total investment of SEK 195 million. A nine-year lease agreement has been signed with the e-commerce company Rugvista. The new facility consisting of 13,700 m2 will be erected on the Sockret 4 property in Malmo, which also houses another of Catena's logistics facilities of 18,600 m2, recently completed for Lekia.

The location in Malmo'sbour district is very central, with proximity to the railway and rapid access to the E6 and E20 motorways. The property comprises a plot totaling 42,000 m2, which will now be fully developed. The new facility will be environmentally certified, with solar cells being installed on the roof.

The tenant, Rugvista, operates an online store selling rugs. The company occupies a strong position in the European market and is listed on Nasdaq First North Premier. Rugvista has signed a nine-year lease agreement with Catena and will locate its headquarters at the new premises, which will also include a warehouse, logistics facilities and substantial office space.

The project is yet another element of Catena's efforts to contribute to the very exciting development of the Malmo dock area, where the company is providing new, well-conceived logistics facilities that will help ensure the area's attractiveness. The lettable area of the logistics facility will be 13,700 m2. The total investment is expected to be SEK 195 million.

Estimated net operating income is around SEK 13.8 million. The tenant, Rugvist, has signed a nine-year leased agreement. The facility will be environmentally certified.

Construction will begin in the first quarter of 2024, with possession estimated to take place during summer 2025.