Castellum invests for SEKm 250 and sells for SEKm 84

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News Desk 2018
Castellum invests for SEKm 250 and sells for SEKm 84

Castellum AB (publ) has through the wholly owned subsidiary Fastighets AB Corallen started an investment in the Djurgården area, Linköping, which is an urban development project in Linköping next to the exhibition area LinköpingsBo 2016, the University of Linköping and Mjärdevi Science Park. During the next 5-10 years, the area will be developed in phases with premises for retail, residentials for 10,000 residents and schools.    Corallen's new construction will consist of retail premises of 7,730 sq.m. The investment is calculated to SEKm 109 and to be completed during the first quarter 2015. The new building has an occupancy rate of just over 90% and will be completed according to the environmental system Miljöbyggnad. In Smista Allé along highway 4, Fastighets AB Brostaden has started a new construction of approx. 6,400 sq.m. premises for car sales of which approx. 3,000 sq.m. is parking facilities. The new building is fully let and will be completed according to the environmental system Green Building. The investment is calculated to SEKm 83 and to be completed during the third quarter 2014.    Further Brostaden has sold an office and warehouse property in Mariehäll of 4,340 sq.m. The property is situated near central Sundbyberg and will be built with residentials. The transaction amounted to SEKm 57 net after reduction for assessed deferred tax and transaction costs of SEKm 4. The latest valuation amounted to SEKm 39. The change of possession has taken place. In Mölnlycke Buisness Park along highway 40, Gothenburg, Eklandia Fastighets AB has started a new construction. The new construction will consist of approx. 6,500 sq.m. fully let flexible warehouse premises. The investment is calculated to SEKm 58 and to be completed during the third quarter 2014. In Gustavsvik, Örebro, Aspholmen Fastigheter AB has sold an office property of 1,780 sq.m. The transaction amounted to SEKm 27 after reduction for assessed deferred tax and transaction costs of SEKm 1. The latest valuation amounted to SEKm 24. The change of possession will take place the last day of October 2013. For further information, please contact Henrik Saxborn, CEO, phone +46 31 60 74 50 Ulrika Danielsson, Finance Director, mobile +46  706-47 12 61 www.castellum.se Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to  SEK 37 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of 3.7 million 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. [HUG#1730764]

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