Sweden. Catena AB (publ)
|Date of agreement:||26 Jun 2023|
|Customer:||Catena AB (publ)|
|Amount in SEK:||SEK 430 million|
|Amount in EUR:||EUR 38 million|
|NACE sector / loan type:||Real estate activities|
Financing from NIB Environmental Bond proceeds
NEB-eligible share: 100%
NEB category: Green buildings
Amount disbursed: EUR 36.2 million
Note: For loans in other currencies than EUR, the equivalent in EUR is based on the exchange rate effective for the disbursement. Read more about the NIB Environmental Bonds
The SEK 430 million loan with Catena AB (publ) will finance the development of Catena’s green logistics facility in Jönköping. Catena AB has entered into a long-term lease agreement with Elgiganten for the 86,600 square meter facility. The project, situated in the strategic transport hub of Jönköping, will bolster Catena’s portfolio but also reinforce the region’s capacity to provide next-day deliveries to Finland, Denmark, and Norway.
Catena AB (publ) is a Swedish real estate company owning, operating, and developing logistics facilities that supply the metropolitan regions in Scandinavia. The Company’s network of properties includes terminals, warehouses, and distribution centres, as well as various types of hybrid facilities with specialized logistics functions serving more than 300 tenants. Catena employs around 50 people and is listed on Nasdaq Stockholm (Nordic Large Cap).
Fulfilment of NIB's mandate
Jönköping is generally expected to benefit from the new premises due to the new green logistics centre.
Expected productivity impact related to the investment:
- Logistic facility area: 86,600 sqm
- Almost doubling Elgiganten’s logistic capacity
- Central distribution facility relocation from Brno, Czech Republic to Jönköping, Sweden
- Expected cost savings for Elgiganten
- Anticipated creation of up to 600 new jobs
The Catena AB property development project in Jönköping aims to achieve excellent environmental performance with a targeted BREEAM certification. It incorporates a wooden frame structure to reduce the CO2 footprint, resulting in an estimated saving of approximately 4,500 tons of CO2. The project targets energy class A and plans to install rooftop solar panels with a capacity of 6.5 MW, expected to generate 6 GWh of electricity per year.
NIB has not identified any significant sustainability issues in connection with the project.