Catena: County Administrative Board Rejects Appeal of Detailed Development Plan in Solna

Regulatory News:

The Stockholm County Administrative Board has rejected all appeals of the detailed development plan for Catena’s (STO:CATE) project properties in Haga Norra, Solna, Sweden.

In its examination statement, the County Administrative Board notes that nothing has emerged from the appeals that would give the County Administrative Board reason to assess issues such as traffic and noise in a way that differs from the decisions previously made during the detailed development plan process.

The decision can be appealed to the Land and Environmental Court.

The Solna City Council adopted the detailed development plan for the two Catena properties Stora Frösunda 2 and Hagalund 2:2 last year.

The information contained in this press release constitutes such information that Catena AB (publ) is legally obliged to publish under the Securities Market Act. The information was released for publication on 24 September 2013, at 8:00 a.m.

Catena’s mission is to own, effectively manage and proactively develop properties in prime locations that offer the potential to generate steadily growing cash flow and favourable value growth. Catena’s overriding goal, based on its focused orientation, is to give shareholders a favourable long-term total return.

For more information about Catena, visit www.catenafastigheter.se

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