Catena: Solna municipality approves zoning plan for Stora Frösunda

GÖTEBORG, Sweden--()--Regulatory News:

Solna municipal assembly approved on Monday evening the zoning plan comprising Catena’s two remaining properties Stora Frösunda 2 and Hagalund 2:2. The zoning plan has now been approved by the highest body in Solna, which is an important milestone in the project development work that Catena has conducted over the last few years.

Catena will now proceed to plan in more detail the development that amongst other things comprises 800 new apartments and 70 000 sq m. of commercial space.

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 18th, 2012, at 17.00 am

Catena (STO:CATE) 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

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Contacts

Andreas Philipson, CEO
Tel. +46-(0)70-209 77 60

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Contacts

Andreas Philipson, CEO
Tel. +46-(0)70-209 77 60