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Three people on a roof terrace.

A strategy that creates value

Castellum’s strategy is based on three perspectives: the company, the tenants, and the community. The focus is on further strengthening relations with priority customer segments, developing our customer offering, and improving our asset and development portfolios.


Beyond expectations.


Creating workplaces where people and enterprises thrive.

Business concept

We create successful and sustainable workplaces in Nordic growth regions by really keeping close to customers, while staying on the cutting edge of innovation and expertise.

Two people talking to each other.

The Castellum Spirit

The Castellum Spirit shows the core values that guide Castellum in its daily activities.

  • Business-focused
  • Committed
  • Courageous
Vision image of people walking in front of a building.

Objectives 2025

During the 2023–2025 strategy period, Castellum will create a new uniform organisation that is built for future growth. A clear objective and a robust culture will permeate the entire operation.

The strategy for 2023–2025 is based on Castellum’s objectives for 2025:

  • Long-term goals: vision, mission, and business concept.
  • Financial target of 10 per cent annual growth in income from property management at low financial risk.
  • Annual growth of 10 per cent in income from property management, measured in SEK per share.
  • Loan-to-value ratio that does not permanently exceed 40 per cent.
  • Interest coverage ratio of at least 300 per cent.
  • Operational targets have been updated to describe Castellum’s continual efforts towards what the company is to become.

Overall targets

10% annual growth in income from property management, SEK/share

Operative goals

The company of choice

Castellum will be the commercial company of choice for business and the public sector by developing and offering the sustainable meeting spaces and work places of the future, where organisations can grow and become attractive employers.

The Nordic region’s leading property management company

Castellum will be the Nordic region’s leading property management company that makes daily life easier for our customers through local presence, sustainable property operation and leading-edge digital solutions.

Attractive and leading employer

Castellum will be a leading company and an attractive employer by focusing on our employees with clear values and having a robust culture with clear values.

Business model

Investing in and developing commercial premises managed by a decentralised and customer-centric organisation. Castellum focuses on cash flow and operates with low financial risk.

Castellum’s strategy

How we are building a sustainable society

The strategy establishes the company’s strategic orientation, priorities, and goals. The strategic plan is reviewed annually by Executive Management before subsequent approval by the Board. The purpose of the strategy is to optimise the preconditions for Castellum to deliver on the company’s overall growth targets and to create shareholder value. An additional purpose is to ensure that Castellum is the most sustainable property company in Europe and a major player in the efforts to build a sustainable society.

The strategy stipulates that Castellum is to create attractive meeting spaces and workplaces for the people working in Castellum’s premises. Castellum’s customers comprise the 6,000 companies that are tenants and the 400,000 people who work in Castellum’s premises. Based on our tenants’ needs, Castellum will continue to develop attractive, flexible and sustainable offerings in offices, public sector properties, and logistics.

The strategy describes how the desired objectives are to be attained. The property portfolio will be developed in the capitals, growth cities and attractive logistics markets of the Nordic region. This is how the company, its tenants, and society will develop.

Illustration of the sustainable city.

How we create value

Value creation model

This is a description of how Castellum creates sustainability values in its operation. The construction and property industry accounts for nearly 20 per cent of Sweden’s carbon emissions and generates just over 30 per cent of all waste in Sweden. At Castellum, we do not have just the ambition to drive the transition to a more sustainable society. We act. The value creation model shows how we use business intelligence to plan and act smartly, to exert our influence, and to create sustainable values for our stakeholders. Our ambition is to make a positive contribution to society.

1. Resources that Castellum uses

  • 749 properties at a value of SEK 154 Bn and a total area of 5,7 million square metres
  • More than 500 employees
  • A strong brand
  • Nearly 11,000 suppliers and contractors
  • 8,000 commercial leases
  • 760 green leases
  • Natural resources in the form of energy, water and materials

2. Castellum develops successful workplaces and smart logistics solutions

  • Project development
  • Transactions
  • Property management

3. The value Castellum creates for its stakeholders

Satisfied, sustainable tenants

  • CSI: 75
  • 45 per cent sustainability-certified properties
  • 76 solar PV systems installed, corresponding to 11,939 kW
  • 922 charging stations provided
  • Net lettings: 29,000 sq. m.



106,000 shareholders

  • Net income for the year: SEK 1,750 M
  • Growth: 9.5 per cent per share in income from property management
  • Despite the dividend on hold, 3,175 per cent total return since 1997
  • 33 per cent of turnover is EU Taxonomy-aligned
  • A green share, Nasdaq Green Equity Designation

Committed employees who are developing

  • All employees are offered a physical fitness subsidy
  • More than 16,000 training hours completed
  • Low level of sick leave (2.9 per cent)
  • Good equality (42 per cent women / 58 per cent men)

Robust, long-standing supplier relations

  • Code of Conduct applied in all supplier partnerships
  • SEK 124 M in energy optimisation projects
  • 353 framework agreements
  • Goods and services purchased: SEK 8,750 M

4. Castellum’s ambition is to make a positive contribution to society

Reduced environmental and climate impact

Castellum makes efficient use of natural resources, reduces resource consumption and carbon emissions to create a sustainable asset portfolio:

  • 63 per cent reduction in carbon emissions since 2007
  • 4 per cent reduction in energy consumption
  • Castellum promotes biodiversity
  • Increases the proportion of circular materials

Strong positive impact on society

  • Castellum develops sustainable properties and promotes positive urban development.
  • Castellum promotes health, wellness and productivity for its employees and tenants.
  • Through WELL at scale, Castellum has a positive influence over 18,000 of its tenants’ employees as regards health and wellness.

Major positive financial impact

Castellum is a profitable company that contributes financially to various stakeholders:

  • SEK 558 M in salary and remuneration to employees
  • SEK 8,750 M to suppliers and contractors
  • SEK 15 M in tax and SEK 14 M in contributions to local communities