Gothenburg, February 25, 2004

Castellum sells with a capital gain of SEKm 57 and invests SEKm 30

Castellum has through subsidiaries made the following real estate transactions

 

Fastighets AB Briggen has sold six residential properties in Helsingborg with a total area of 13,200 sq.m. for SEKm 140 with a capital gain of SEKm 36. The sale has been carried out as a corporate transaction with a commercial buyer, which will take possession of the properties in March 2004.

Eklandia Fastighets AB has sold two residential properties with a total area of 3,200 sq.m. in the Linné area in Gothenburg to a new tenant-owners’ association, which will take possession of the properties in February 2004. The sales price totalled SEKm 39 with a capital gain of SEKm 15.

Harry Sjögren AB has sold a warehouse property of approx. 4,700 sq.m. in Sisjön’s industrial estate in Gothenburg. The property was at the time of sale fully let. The sales price was SEKm 25 with a capital gain of SEKm 6. The property will be taken over in March 2004.

In Smista Park, Fastighets AB Brostaden is about to build a full-service facility, which will be leased by Porsche/Din Bil. Smista Park is a new and interesting business area in the southern parts of Stockholm, where Brostaden owns building permissions totalling 80,000 sq.m. The investment, comprising approx. 2,000 sq.m., is estimated at just over SEKm 30 and moving in is planned to December 2004.

During the first two month of 2004 Castellum has sold 16 properties with a capital gain of SEKm 126.

 
Annual Report 2003

The Swedish version of the Annual Report 2003 is now available on Castellums website www.castellum.se. An English version of the Annual Report 2003 is estimated to be available on the website from Friday afternoon, March 27th.


Castellum is one of the major listed real estate companies in Sweden. The book value of the real estate portfolio amounts to approx. SEK 14 billion, and 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 Stockholmsbörsen’s O-list.

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

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

Gothenburg, February 25, 2004

 

 
Castellum sells with a capital gain of SEKm 57 and invests SEKm 30

 

Castellum has through subsidiaries made the following real estate transactions

 

Fastighets AB Briggen has sold six residential properties in Helsingborg with a total area of 13,200 sq.m. for SEKm 140 with a capital gain of SEKm 36. The sale has been carried out as a corporate transaction with a commercial buyer, which will take possession of the properties in March 2004.

Eklandia Fastighets AB has sold two residential properties with a total area of 3,200 sq.m. in the Linné area in Gothenburg to a new tenant-owners’ association, which will take possession of the properties in February 2004. The sales price totalled SEKm 39 with a capital gain of SEKm 15.

Harry Sjögren AB has sold a warehouse property of approx. 4,700 sq.m. in Sisjön’s industrial estate in Gothenburg. The property was at the time of sale fully let. The sales price was SEKm 25 with a capital gain of SEKm 6. The property will be taken over in March 2004.

In Smista Park, Fastighets AB Brostaden is about to build a full-service facility, which will be leased by Porsche/Din Bil. Smista Park is a new and interesting business area in the southern parts of Stockholm, where Brostaden owns building permissions totalling 80,000 sq.m. The investment, comprising approx. 2,000 sq.m., is estimated at just over SEKm 30 and moving in is planned to December 2004.

During the first two month of 2004 Castellum has sold 16 properties with a capital gain of SEKm 126.

 
Annual Report 2003

The Swedish version of the Annual Report 2003 is now available on Castellums website www.castellum.se. An English version of the Annual Report 2003 is estimated to be available on the website from Friday afternoon, March 27th.


Castellum is one of the major listed real estate companies in Sweden. The book value of the real estate portfolio amounts to approx. SEK 14 billion, and 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 Stockholmsbörsen’s O-list.

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

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