Catella advises in the sale of SAAB property (SE)

About three weeks ago, Catella was commissioned by SAAB to identify and bring together investors and capital, and to negotiate sales and rental agreements, pertaining to the SAAB property. All of this was to be completed in a very short period. The transaction was finalized yesterday (July 7, 2011).

"In a very short time and over a very intensive period of negotiations, we have capitalized on our longstanding and extensive M&A experience of the property transaction industry in order to identify and bring together potential investors.

"For Catella, the priorities have been to drive the process forward and to focus on possible new solutions," says Lennart Schuss, Working Chairman of the Board of Catella's Nordic corporate finance companies.

The underlying property value is SEK 600 million (€65.6 million). SAAB has signed a 15-year lease.

Catella is market leader in Sweden in respect of advisory services in property transactions and in property-related services in the debt and equity capital markets. During the first quarter of 2011, Catella Corporate Finance implemented 22 property transactions in Sweden at a total value of slightly more than SEK 6.7 billion (€0.73 billion).

Catella offers all of the competencies required to implement complex transactions and has about 50 employees at offices in Stockholm, Gothenburg and Malmö.

Source: Cision

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