Catena AB (publ) (CATE) Q2 2025 Earnings Call

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WEBVTT 00:00:00.631 -- 00:00:05.813 that has a turnover of more than 8 billion SEK has only 00:00:05.813 -- 00:00:09.775 this location for all of the outgoing goods. 00:00:09.775 -- 00:00:12.575 And next slide, please. 00:00:12.696 -- 00:00:17.957 And the other day, or actually yesterday, we signed an agreement to acquire El Giganten's 00:00:17.957 -- 00:00:21.519 distribution and central warehouse in Jönköping. 00:00:21.519 -- 00:00:27.001 The property is located opposite our newly built facility that El Giganten 00:00:27.001 -- 00:00:32.254 rent from us. Closing will take place on 1st of September and after 00:00:32.254 -- 00:00:35.416 that we will have about 200,000 00:00:35.416 -- 00:00:40.418 square meters of logistic space leased to El Gigante. 00:00:40.418 -- 00:00:42.559 And the investment 00:00:42.559 -- 00:00:45.759 is 1,275,000,000 SEK 00:00:45.880 -- 00:00:51.402 before deduction of deferred tax and has an estimated net operating income 00:00:51.402 -- 00:00:54.108 of approximately 80,000,000 SEK. 00:00:54.108 -- 00:00:59.812 And this transaction was an off-market and shows that we can act 00:00:59.812 -- 00:01:05.097 as fast-footed as anyone else. And we really enjoyed doing 00:01:05.097 -- 00:01:08.679 the transaction together with Neon. 00:01:08.679 -- 00:01:11.180 Next slide, please. 00:01:11.882 -- 00:01:17.646 Our ongoing project portfolio totals to around 1.2 billion SEC, where 400 00:01:17.646 -- 00:01:22.815 million is remaining investment. When all is completed, we will add 00:01:22.815 -- 00:01:24.316 another 91,000 00:01:24.316 -- 00:01:27.237 square meter to the portfolio, 00:01:27.237 -- 00:01:30.078 and the yield of those projects is around 7%. 00:01:30.078 -- 00:01:33.438 Next slide. 00:01:34.359 -- 00:01:39.501 Regarding our land bank and...