Castellum invests SEKm 287 and sells for SEKm 74
Gothenburg March 15, 2011
In the block Fullriggaren, in the area Västra Hamnen in Malmö, Castellum has through the wholly owned subsidiary Fastighets AB Briggen started a new construction of approx 6,000 sq.m. office premises. In Västra Hamnen, there is ongoing development of the area from industrial land to offices and residential properties. Briggen’s investment is calculated to SEKm 149 and expected to be completed during the spring 2012. Currently there are no signed contracts in the property.
Further Briggen has made its first investment on the Danish side of the Öresund region through the acquisition of a property in Albertslund, located in western Greater Copenhagen. The property consists of 8,500 sq.m. office and warehouse premises. The investment amounted to SEKm 52. The property is currently let on a short contract.
In Frihamnen, Stockholm, Fastighets AB Brostaden has sold an office property of 3,750 sq.m. with an underlying property value equivalent to SEKm 74, which exceeded the latest valuation at the year-end with SEKm 22. Change of possession has taken place.
At Lindholmen, on Hisingen in Gothenburg, Eklandia Fastighets AB has acquired land with a possibility of new construction of office premises. The land is located adjacent to one of Eklandia’s existing properties. The investment amounted to SEKm 36.
Further Eklandia has started an extension and reconstruction of office premises for an existing customer in Kallebäck, Gothenburg. The investment is calculated to SEKm 27 and expected to be completed during the fourth quarter 2011.
In Varla, Kungsbacka, Harry Sjögren AB has started reconstruction of an existing property for a customer. The investment is calculated to SEKm 23 and expected to be completed during the summer 2011.
For further information, please contact
Håkan Hellström, CEO. Phone +46 31 60 74 00 / +46 705 60 74 56Henrik Saxborn, Deputy CEO. Phone +46 31 60 74 00 / +46 706 94 74 50
Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 32 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of approx 3.3 thousand sq.m. 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.
Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.
Castellum AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.