Gothenburg, April 27, 2004

Castellum invests SEKm 102

Castellum has, through the subsidiary Fastighets AB Briggen, acquired an office property of 3,500 sq.m. in Helsingborg for SEKm 22. The property is located in Berga industrial estate close to Briggen’s existing properties. The occupancy rate is expected to be approx. 90 % at the time of taking possession on May 3, 2004.

Castellum has also, through the subsidiary Aspholmen Fastigheter AB, acquired an office and retail property of 5,600 sq.m. in the central parts of Uppsala for SEKm 50. The date of taking possession is set to September 1, 2004. The building will have a complete refurbishment done in two steps. The first step is an investment of SEKm 20 concerning office premises, which will be started at the time of taking possession. The first step is expected to be ready for moving in during the first half of 2005. Refurbishment of the retail premises will be completed and ready for moving in during 2006, an investment of SEKm 10.

Further more, Castellum has through the subsidiary Fastighets AB Corallen, sold two industrial properties, one in Värnamo for SEKm 4, equivalent to book value and one in Gnosjö for of SEKm 12, also equivalent to book value.



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