Organization

Castellum’s strategy is to manage its properties in a decentralized and small-scale organization with wholly owned subsidiaries and strong presence on the sub-markets. By having local roots the subsidiaries get close relations with the customers and knowledge of their operations and needs. The companies also receive good knowledge of the local real estate and rental markets, market changes and business opportunities.

Subsidiaries with strong brands 

Property management is mainly carried out by own personnel and in cases where external services are purchased, high demands are placed on suppliers in terms of quality, customer contact, service and environmental awareness.

Castellum has six wholly owned subsidiaries which each have about 35 employees. The subsidiaries organizations are not identical but are in principal made up of a Managing Director, 2-4 market areas, business developers and 3-5 employees within finance and administration. Each market area employs one property manager with one assistant, one person working with leasing and 3-8 facility managers, where everyone has customer contact. The flat organization gives short decision making processes and creates a customer oriented and active organization. Castellum’s subsidiaries operate under their own names which are strong brands on each sub-market. Each subsidiary is larger than the smallest Swedish real estate companies listed on the stock exchange.

Engagement in the local markets

Castellum’s subsidiaries are involved in the local business community through business associations where important contacts are taken with both current and prospective customers.

Castellum, as one of the largest owners of real estate properties on the local markets, is through co-operation with community developing bodies such as municipalities, universities/colleges and local enterprises contributing to the development of the places where the local subsidiaries are operating.

Measuring, comparing and controlling

Castellum measures and compares the subsidiaries’ management efficiency and asset value growth in the real estate portfolio. Within the group experiences are shared between the companies and specialist expertise can therefore be made available to the whole organization.

Castellum’s operations are controlled by rules for decision making and work allocation, policies and instructions. Policies are in place for finance and financial work, information, information safety, environment, insurance and personnel.

Parent company

The parent company Castellum AB is responsible for matters concerning the stock market (such as consolidated reports and stock market information) and the credit market (such as funding and financial risk management) as well as overall IT/IS strategies and personnel matters. Castellum AB has 14 employees.

The parent company takes part in operations by involvement in the Board of the subsidiaries.