Nordic property agent Catella is to auction 74 real estate assets in Sweden.
Nordic property agent Catella is to auction 74 real estate assets in Sweden.
The assets will be sold off in auctions to be held on 25-26 October 2012. The vendors include international players such as CBRE Global Investors, Cornerstone Real Estate Advisors and Valad Europe as well as local investors like Hemfosa Properties, Kombinationsfastigheter, Långfast Fastigheter, Sveafastigheter and Teri Property III Sweden.
Catella will offer properties in 37 municipalities through individual sales. Catella said the properties are valued up to approximately SEK 50 mln (EUR 6 mln) each and are of various asset types.
Erik Westerlund, Catella Corporate Finance, said he was 'optimistic' about the upcoming auction process. 'We believe that this is a great way to reach buyers for smaller properties.'
The properties will be marketed in a broad campaign, which will be on launched 3 September 2012. On the same date detailed information regarding the properties and the sales process will be made available on auktion.catellaproperty.se.
Catella Corporate Finance provides advisory services in connection with property transactions and property-related services within debt and equity capital markets.
