Solna city council Monday evening approved the zoning plan comprising Catena’s two remaining properties Stora Frösunda 2 and Hagalund 2:2. The approval is an important milestone in the project development work that Catena has conducted over the past years.
”The approval is a positive decision and clears the way for continued development of our property in line with our plans. The property and its grounds, better known as Bilia Haga Norra, holds great possibilities for further development of modern housing, offices and commercial businesses”, says Andreas Philipson, CEO of Catena.
Catena will now proceed to plan in more detail the development that among other things include 800 new apartments and 50 000 sq. m. commercial space. Construction is tentatively set to start in 2014. In parallel with the development work, the letting process continues in order to identify and attract new commercial customers to the area.
For further information, please contact
Andreas Philipson, CEO
Tel. +46-(0)70-209 77 60
This information is such that Catena AB (publ) must release it publicly in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released to the public on December 4th, 2012, at 08.00 am.
Catena shall own, effectively manage and actively develop well situated real estate with the potential to generate steadily growing cash flow and healthy value growth. Catena’s overriding objective, based on its focused orientation, is to provide shareholders with a favourable, long-term total return.
For more information about Catena, visit www.catenafastigheter.se