Castellum sells property in Lund for SEKm 107
Castellum has sold an office property of approx. 7,800 sq.m. in Lund, Smörkärnan 1.
The sale price amounted to SEKm 107, after transaction costs and assessed deferred tax of SEKm 8, which exceeded the latest valuation with approx. SEKm 10. An additional payment may be received if the overall plan for the area changes to allow for residential building rights on the property. The change of possession will take place on November 1, 2016.
The total rental value amounts to approx. SEKm 10.5 and the largest tenant is TetraPak. The economic occupancy rate is 79% and the average lease duration is 0.8 years.
This information is information that Castellum is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 8 am CET on November 1, 2016
For additional information, please contact:
Henrik Saxborn, CEO, Phone +46-31-60 74 50
Ulrika Danielsson, CFO, Phone +46-31-60 74 74
Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to approx. SEK 74 billion, and comprises of commercial properties for office, retail, warehouse and industrial with a total lettable area of approx. 4.7 million sq.m.
Castellum own and manage properties through one common brand in five geographical regions with strong local presence. The five geographical regions are: Central, North, Stockholm, West and Öresund.
In 2016, Castellum sustainability performance was awarded two top distinctions: First Prize for sustainability reporting in Europe from EPRA and Global Sector Leader, handed out by GRESB which means that Castellum is ranked first in the world within the office- and industrial-properties sector. Further Castellum has been selected as an index component of the Dow Jones Sustainability Indices (DJSI), which includes the companies in all industries in the world with best performance in terms of sustainability.
The Castellum share is listed on Nasdaq Stockholm Large Cap.
Castellum AB (publ), Box 2269, SE-403 14 Gothenburg | Org nr/Corp Id no SE 556475-5550 | Phone +46 31 60 74 00 Fax +46 31 13 17 55