Catena

• Capital increase via Accelerated Bookbuild Offering of 6,036,010 new shares, corresponding to 10% of Catena’s outstanding shares prior to the transaction and generating gross proceeds of c. SEK 2.8 billion (c. €257 million). The use of proceeds of the directed share issue is to finance the company’s intended acquisition, as announced on 22 December 2025, of a portfolio of logistics properties in Sweden, Finland and Denmark with a value of c. SEK 9 billion
• The acquisition will mark Catena’s entry into Finland. It is a natural step in the company’s evolution, branching out further into the Nordics and building upon a stellar track record in the Swedish logistics market. Finland's logistics market offers interesting opportunities due to its strategic location as a Europe-Asia gateway, combined with a strong focus on digitalisation and sustainability and advanced infrastructure
• The new shares were placed at SEK 456 per share, representing a discount of 3.8% versus the closing price prior to transaction announcement and a discount of 3.2% to the 10-day VWAP. In light of the volatile market backdrop with the EPRA index trading down 1.8% on the day of launch and Catena’s shares closing only marginally down, the discount is a testament to the strength of investor appetite for Catena
• The transaction was launched on the back of a market sounding exercise that provided visibility on indications of interest well in excess of the deal size, with demand from long-only investors covering the deal. Catena’s two largest shareholders, Backahill INTER AB and WDP Invest NV, together holding approximately 28.6% of capital and votes in the company, had pre-committed to subscribe for their pro-rata share
• In a multiple times covered orderbook allocations were skewed towards long-only investors, shareholders and market-sounded accounts

With this transaction Van Lanschot Kempen has supported Catena in raising more than €1.1 billion of capital over the last five years. Moreover, it adds to Van Lanschot Kempen’s list of achievements in the European Real Estate logistics sector, among which:

• SEK 12.8 billion of capital increases by Catena
• €280 million of capital increases by Montea
• SEK 1.1 billion Accelerated Bookbuild Offering by Swedish Logistic Property
• €800 million of Accelerated Bookbuild Offerings by WDP
• €150 million Accelerated Bookbuild Offering by Argan 
• €625 million green loan raise by DHG
• €1.2 billion public takeover of Deutsche Industrie REIT-AG by CTP, advising CTP
• €480 million of capital increases by Tritax EuroBox
• €948 million initial public offering by CTP