Castellum has, through the subsidiary Eklandia Fastighets AB, acquired an office property of about 16,500 sq.m. in Östra Nordstaden in Gothenburg for SEKm 220. The property forms part of the shopping mall Nordstan. The occupancy rate is expected to be approx. 80% at the time of taking possession on June 1, 2004. The central location of the property, the existing vacancies and the building's flexible construction form a substantial potential. The building's design with pillars and stair-well as bearing construction provide for flexible planning and easy access to all seven floors. At the present all floors are used as office premises with the possibility of converting the first two floors into retail premises. Nordstan is northern Europe's largest indoor shopping mall (320,000 sq.m.) with 170 shops and 150 offices with a total of 5,000 employees. About 80,000 people pass through Nordstan everyday and the Central Station is accessed by an underground passageway and a foot-bridge leads to the guest marina Lilla Bommen and the Gothenburg Opera.
Castellum has also, through the subsidiary Fastighets AB Briggen,
acquired two properties for a total of SEKm 63. One of the properties
is an office and warehouse building of 11,700 sq.m. and the other one
is a warehouse building of 3,000 sq.m. The properties are located in
Berga industrial estate close to Briggen's existing properties. The
occupancy rate is expected to be approx. 70% at the time of taking
possession on May 3, 2004.
The press release tables can be downloaded from the following link:
Castellum is one of the major listed real estate companies in Sweden.
The book value of the real estate portfolio amounts to approx. SEK 14
billion, and comprises mainly commercial properties. The real estate
portfolio is owned and managed by six subsidiaries with strong local
roots in five growth regions: Greater Gothenburg, the Öresund Region,
Greater Stockholm, Western Småland and Mälardalen. The Castellum
share is listed on Stockholmsbörsen's O-list.
For further information, please contact
Lars-Erik Jansson, CEO, phone +46 31 60 74 00 / mobile +46 705-92 06
Håkan Hellström, CFO/deputy CEO, phone +46 31 60 74 00 / mobile +46
705-60 74 56