Gothenburg, January 23, 2004

Castellum sells properties with a capital gain of SEKm 40

Castellum has through a subsidiary sold properties in Gothenburg for SEKm 75 with a capital gain of SEKm 40.

Eklandia Fastighets AB has sold three residential properties with a total area of 5,200 sq.m in the central parts of Gothenburg to a new tenant-owners’ association which will take possession of the properties in the beginning of February 2004. The selling price totaled SEKm 75 with a capital gain of SEKm 40.

Castellum is one of the major listed real estate companies in Sweden. The book value of the real estate portfolio amounts to SEK 14 billion, which comprises mainly commercial properties. The real estate portfolio is owned and managed by six subsidiaries with strong local roots in five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Western Småland and Mälardalen. The Castellum share is listed on the Stockholmsbörsens O-list.

 
For further information, please contact
Lars-Erik Jansson, CEO, telephone +46 31-60 74 00 / mobile +46 705-92 06 70

Håkan Hellström, CFO/deputy CEO, telephone +46 31-60 74 00 / mobile +46 705-60 74 56