Castellum invests SEKm 291 and sells for SEKm 271
Castellum AB (publ) has, through the wholly owned subsidiary Fastighets AB Briggen, sold the properties Kampen 25 and Intäkten 5 in Norra Sofielund, approx. 2 kilometers south east of Malmö city. The transaction amounted to SEK 238 net in total after reduction for assessed deferred tax and transaction costs of SEKm 17, which was in line with the latest valuation. Kampen 25 consists of 40,650 sq.m. lettable area in total, of which 22,867 sq.m. is warehouse, 4,764 sq.m. office, 1,825 sq.m. industrial and 11,194 sq.m. other areas i.e. premises for health care, education and association activities. The change of possession will take place May 1st, 2015 and the area will be used for urban development.
In Helsingborg, Briggen has acquired a fully let property in Berga consisting of 3,000 sq.m. warehouse and office premises. The investment amounted to SEKm 19 after reduction for transaction costs. The change of possession has taken place.
Further Briggen has signed a 10-year commercial contract on the entire property Benkammen 6 in Fosie, Malmö, 13,000 sq.m. warehouse and office premises. The contract takes effect July 1st, 2015.
Fastighets AB Brostaden has acquired a fully let logistic property of approx. 9,300 sq.m. in Rosersberg, Sigtuna. In the area, which has direct access to Arlanda Airport and highway E4, a warehouse and logistic center is under development for the north region of Mälardalen. Brostaden already owns two properties in the Rosersberg area. The investment amounted to SEKm 104 after reduction for deferred tax and transaction costs of SEKm 4 in total. The change of possession take place December 16, 2014.
In Smista Allé, Huddinge, Brostaden invests SEKm 15 in a new construction of a fully let property of 590 sq.m. for car sale with parking on the roof. The new construction is estimated to be completed in June 2015.
Further Brostaden has sold a vacant office and industrial property of 3,673 sq.m. in Solna. The transaction amounted to SEKm 33 net after reduction for assessed deferred tax and transaction costs of SEKm 2 in total, which is in line with the latest valuation. The change of possession has taken place.
In Örebro, Aspholmen Fastigheter AB has acquired land with possibilty to build approx. 14,000 sq.m. office premises. The investment amounted to SEKm 43. The land is located in central Örebro near the travel centrum. The assessment is that there is a lack of modern office premises in central Örebro and that Aspholmen can’t meet the demand within the existing portfolio. The change of possession has taken place.
In Uppsala, where the supply of industrial land is limited, Aspholmen has acquired land with building rights in Librobäck of 10,000 sq.m. for light industry and office. The investment amounted to SEKm 25. The change of possession has taken place. On part of the land Aspholmen invests SEKm 17 by a new production of approx. 1,200 sq.m. warehouse and office premises. The new production is fully let and will be completed during the first quarter 2016.
On Lindholmen, Gothenburg, Eklandia Fastighets AB has acquired land with building right of approx. 9,000 sq.m. office premises. The property is located in Lindholmen Science Park. The investment amounted to SEKm 53. The change of possession took place December 15, 2014.
In Borås, Harry Sjögren AB has acquired land with a possible building right of over 15,000 sq.m. warehouse and office premises. The total land area is 39,500 sq.m. The investment amounted to SEKm 15. The change of possession took place September 29, 2014.
“The urbanization trend in Sweden is strong. We are positioning us, in accordance with our strategy, to continue to grow where Sweden is growing” says Henrik Saxborn CEO in Castellum. “We acquire land which opens for expansion in growth areas: on Lindholmen in the heart of Gothenburg, in central Örebro, in Borås and in Uppsala where the supply of building rights is limited” adds Saxborn.
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 40 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of approx 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 Stockholm Large Cap.
Castellum AB (publ), Box 2269, SE-403 14 Göteborg | Org nr/Corp Id no SE 556075-5550 | Phone +46 31 60 74 00 Fax +46 31 13 17 55