Catella reports transaction volume of EUR 6.8 billion in 2011

Catella reports transaction volume of EUR 6.8 billion in 2011

Catella’s real estate advisory business, with operations in 10 European
countries, reports a transaction volume of EUR 6.8 billion for 2011. Catella’s
transaction volume in 2011 thus increased by 9.3 percent, compared with 2010.

Engagements performed by Catella in 2011 included: Pareto’s sale of Sannergate 2
in Oslo; the acquisition and financing, on behalf of a consortium, of building
rights to the U.N.'s head office in Copenhagen; the creation of, and raising
capital for, Turun Teknologiankiinteistöt Oy in Finland; the sale and leaseback
of Eroski’s properties to Axa in Spain; the sale of Eurocrystal in Paris; and,
in Sweden, the largest ever property foreclosure auction in the sale of Kefren’s
portfolio; Diös’ cash new share issue in connection with the acquisition of
Norrvidden; and the refinancing – the first based on institutional capital – of
a property let to Volvo PV, on behalf of Doughty Hanson.
‟These transactions demonstrate Catella's breadth as an advisor in the sector,
which is made possible thanks to our employees’ in-depth property knowledge,
local market expertise, and capital markets experience,” says Anders Palmgren,
Head of Catella’s Corporate Finance operations.  
Europe's transaction markets are facing several challenges in 2012. The
commercial property market grew marginally in 2011 and, during the second half
of the year, was characterised by the uncertainty in the Euro area. This factor,
combined with more stringent capital adequacy rules for banks, has reduced
access to capital in the sector.
‟In addition, major loan volumes will be renegotiated in 2012 and 2013.
Consequently, we are currently focusing on expanding our range of services in
several countries in order to be able to meet the need for capital, as regards
both equity and debt,” says Anders Palmgren, Head of Catella’s Corporate Finance
operations.

For further information, please contact:
Anders Palmgren
Head of Catella’s Corporate Finance operations
+46 8 463 33 10
Press contact:
Viktoria Ejenäs
Communications Officer, Catella
+46 8 463 33 34, +46 72 726 33 34