Press release 10/2007

Gothenburg, May 15, 2007 

 

Castellum invests SEKm 194 in Växjö 

Castellum has through a wholly owned subsidiary acquired one commercial property for SEKm 194 

Fastighets AB Corallen has acquired and taken possession of one commercial property for SEKm 194, of which SEKm 32 refers to a deferred nominal tax liability since the property was acquired through a company acquisition. The property is located in the expansive industrial area Västra Mark in Växjö. The building was originally built during the 60’s and has thereafter been refurbished and extended in several steps and has a high technical standard today. The lettable area amounts to 31,000 sq.m. and consists of office and industrial premises as well as restaurant and conference premises. The occupancy rate amounts to approx. 85%. The property also holds undeveloped land of approx. 25,000 sq.m.which gives potential for future new construction. 

 

Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 25 billion, and comprises 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 Eastern Götaland. The Castellum share is registered on OMX – Nordic list Large cap.

For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56 
Henrik Saxborn, Deputy CEO, phone +46 31 60 74 50 /
mobile + 46 706-94 74 50