Gothenburg, June 30, 2004

Castellum invests SEKm 44

Castellum has through the subsidiaries Harry Sjögren AB and Fastighets AB Corallen acquired two commercial properties for SEKm 44.

 
Harry Sjögren AB has acquired an office property of approx. 7,000 sq.m. in Mölndal for SEKm 29. The property holds an unutilized building permission of approx. 5,000 sq.m. The occupancy rate was approx. 85% at time of taking possession in June 2004.

Fastighets AB Corallen has acquired an almost empty warehouse property of approx. 5,000 sq.m. in Jönköping for SEKm 15. Date of taking possession was June 28, 2004.

 
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