Gothenburg 4 March, 2005

Castellum sells properties for SEKm 168 and acquires for SEKm 94

Castellum has during February 2005, through wholly owned subsidiaries, sold eight properties, of which four were residential properties, for SEKm 168 and acquired two commercial properties for SEKm 94.

In the central parts of Gothenburg Eklandia Fastighets AB has sold four residential properties with a total area of 6 653 sq.m. to new tenant-owners’ associations. The total sales price was SEKm 107, and exceeded the book value at 31 December, 2004 by SEKm 60 and by SEKm 19 the valuation made at the same date.

Also, four commercial properties have been sold. Harry Sjögren AB has sold a fully let property for sale of capital goods in Mölndal with a total area of 2,740 sq.m. for SEKm 32. Fastighets AB Corallen has sold a fully let warehouse property in Värnamo with a total area of 2,700 sq.m. for SEKm 11. Fastighets AB Briggen has sold an industrial property with a total area of 672 sq.m. for SEKm 6. Eklandia Fastighets AB has sold an industrial property in Gothenburg with a total area of 3,467 sq.m. for SEKm 12. The total sales price was SEKm 61 and exceeded the book value at 31 December, 2004 by SEKm 20 and by SEKm 3 the valuation made at the same date.

Fastighets AB Briggen has acquired two commercial properties in Helsingborg. The total area amounts to 16,000 sq.m. and the investment totalled to SEKm 94. The properties was taken in possession in the beginning of March 2005.

 

On Castellum’s website names and addresses on properties that have been acquired or sold since the beginning of the year are published.

 

Castellum is one of the major listed real estate companies in Sweden. The book value of the real estate portfolio amounts to approx. SEK 15 billion, and comprises mainly commercial properties. The real estate portfolio is owned and managed by six wholly owned 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