Gothenburg, July 10th, 2006

Castellum invests SEKm 656

Castellum has through wholly owned subsidiaries acquired 12 properties for SEKm 630, decided on investments in an existing property of SEKm 26 and sold one property for SEKm 13. 

A commercial property in Uppsala with a lettable area of approx. 10,000 sq.m. has been acquired for SEKm 119. The property, located in the shopping area Boländerna, holds an unutilized building permission of approx. 3,000 sq.m. At the time of taking possession on June 1st, in principle all premises were let.

A commercial property in Örebro with a lettable area of approx. 10,500 sq.m. has been acquired for SEKm 41. The property located in the Holmen area, holds an unutilized building permission of approx. 6,000 sq.m. The nearness to E18/E20 provides good exposure as well as good accessibility. At the time of taking possession in May the occupancy rate was approx 75 %. 

Further more three smaller commercial properties, one in Örebro, one in Malmö and one in Växjö with a total lettable area of approx. 4 800 sq.m. and one undeveloped property in Malmö with a land area of 8,200 sq.m. have been acquired for a total of SEKm 34.

Following the signing of a six year lease contract refurbishment and new construction have started on Sesamfröet 1 in Mölndal. Approx. 2,000 sq.m. will be refurbished and approx. 1,000 sq.m. is new construction. At the time of taking possession in the autumn of 2005, the property was unlet. The investment will amount to SEKm 26 and at the time of moving in, which is set to the turn of the year 2006/2007, all premises will be let.

A smaller residential property in the eastern parts of Gothenburg has been sold for SEKm 13. The property holds 14 apartments with a total area of approx. 1,000 sq.m.

The above mentioned transactions have been completed during May and June.

In the beginning of July, six commercial properties located in Solna, Kista, Vällingby and Upplands-Väsby with a total lettable area of approx 48,000 sq.m. mostly office premises, have been acquired for SEKm 436. All properties have good access to major roads and good public transportations. At the time of taking possession, which will be at the turn of the months August/September, the economic occupancy rate is estimated to approx. 45 %.


The present managing director of the subsidiary Fastighets AB Briggen, Bengt Arne Johansson, will after 10 years as MD, retire during the second part of 2006. As new managing director from September 1st, 2006, Gunnar Östenson has been appointed. Gunnar Östenson has previously been active in IKEA and Skanska.


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 fair value of the real estate portfolio amounts to approx. SEK 22 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, Mälardalen and Western Småland. The Castellum share is listed on Stockholmsbörsen’s O-list, Attract 40.

For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56