Gothenburg 14 October, 2005

Castellum invests SEKm 117 and sells for SEKm 40

Castellum has decided on investments in existing properties of SEKm 42 and has through wholly owned subsidiaries acquired for SEKm 75 and sold properties for SEKm 40.

Fastighets AB Briggen has acquired an unlet commercial property with a lettable area of 14,300 sq.m. for SEKm 75 in Malmö. Approximately 1,500 sq.m. are office premises and the remaining area are warehouse and production premises. The building is of high standard and well situated in Fosie industrial estate, where the company already owns a number of properties. The time of taking possession is set to no later than July 31, 2006.

The development of Eklandia’s property Nordstaden 2:16 in central Gothenburg continues. Decision has been made on an extensive refurbishment and completion of additional premises and rebuilding of the entrance for a total of SEKm 42. With the signing of a new lease for the remaining 3,700 sq.m. office premises to a larger law firm all 14,500 sq.m. office premises are let. Planning and marketing activities for approx. 2,500 sq.m. unlet premises on the bottom and ground floors, which are most suitable for retail, are currently taking place.

Fastighets AB Briggen has sold a residential property with a lettable area of 2,300 sq.m. in central Helsingborg to a new tenant owners’ association. The sales price of SEKm 36 exceeded the fair value by SEKm 11. Possession will be given up on October 31.

Fastighets AB Corallen has sold and given up possession of a commercial property of 8,800 sq.m. lettable area in Gnosjö. The sales price of SEKm 4 was SEKm 1 below fair value.

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

Castellum is one of the major listed real estate companies in Sweden. The value of the real estate portfolio amounts to approx. SEK 20 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