Castellum sells a property portfolio to Oscar Properties for approximately SEK 1.7 billion
Castellum is selling 16 properties in Stockholm, Öresund, Norrköping and Västerås to Oscar Properties. The sale price is SEK 1.7 billion less overheads and deferred tax totalling approximately MSEK 95. The net price exceeds the most recent valuation by about MSEK 60. Furthermore, the sale resulted in an impairment of goodwill of approximately MSEK 20 and deferred tax income of approximately MSEK 170.“The sale is in line with the company’s strategy, and at the same time provides us with a cash injection that further strengthens our financial muscles for the proposed merger with Kungsleden,”