Press release 8/2004
Gothenburg, April 15th, 2004
Castellum sells with a capital gain of SEKm 14
and invests SEKm 47
Castellum has through the subsidiary Eklandia Fastighets AB sold an office property of approx. 1,500 sq.m. in the central parts of Gothenburg. The sales price was SEKm 31 with a capital gain of SEKm 14. The sale was carried out in March and is therefore included in the Interim Report for January-March 2004.
Castellum has also, through the subsidiary Fastighets AB Brostaden, acquired a site leasehold in Årsta/Stockholm. The site holds a warehouse and industrial building of approx. 13,000 sq.m. with an occupancy rate of approx. 80%. Through the acquisition Brostaden will increase its presence in one of the southern inner suburbs of Stockholm. The suburb is expected to experience a positive development, chiefly depending on the location with good infrastructure. The acquisition took place in April and the price was SEKm 47.
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 Smål and 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
