Castellum sells for SEKm 183 and invests SEKm 35
Castellum AB (publ) has, through its wholly owned subsidiary Fastighets AB Brostaden, sold two properties of undeveloped land in Sollentuna totaling approx. 88,350 sq.m. The properties are planned for industrial /office, but the plan can be changed and allow for residential in the future. The transaction amounted to SEKm183 net after reduction for assessed deferred tax and transaction costs totaling SEKm15. The sales price exceeds the latest valuation of SEKm 93. The change of possession will take place July 1st, 2015.
"Castellum owns and manages commercial properties and residential development is not in line with our strategy. That is the background for the sale, "says Henrik Saxborn, CEO at Castellum AB.
Aspholmen Fastigheter AB has started a fully let new construction of approx.1,200 sq.m. warehouse and office premises in Librobäck, Uppsala. The investment is calculated to SEKm 20, of which SEKm 3 refers to land acquired during the autumn 2014. The new construction is estimated to be completed during the first quarter 2016.
Further Aspholmen has acquired a nearly fully let office property in Kopparlunden, Västerås, of approx. 1,100 sq.m. adjacent to the company's existing portfolio. The investment amounted to SEKm18 and is expected to provide future project possibilities. Change of possession has taken place.
Castellum AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
For further information, please contact
Henrik Saxborn, CEO, phone +46 31-60 74 50
Ulrika Danielsson, CFO, mobile +46 706-47 12 61
Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 39 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of approx 3.4 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 Stockholm Large Cap.
Castellum AB (publ), Box 2269, SE-403 14 Göteborg | Org nr/Corp Id no SE 556475-5550 | Phone +46 31 60 74 00 Fax +46 31 13 17