Castellum recently acquired a Finnish property portfolio through its acquisition of Kielo. Nine properties from the portfolio, located in Jyväskylä, are now being divested to Nyfosa for SEK 2.1 billion.
“The divestment is a geographic focusing of the Finnish portfolio. We are continuing our journey of growth, building an even stronger Nordic platform for sustainable, high-quality office and logistics properties,” says Henrik Saxborn, CEO of Castellum AB.
The divestment comprises nine office properties and one building right, attractively located in the regional city of Jyväskylä. The buyer, Nyfosa, focuses on regional cities, and this is its second acquisition in the Finnish property market.
The transaction in brief: Castellum is divesting part of its Kielo portfolio, located in Jyväskylä, to Nyfosa
Sale price: SEK 2.1 billion
Closing date: 12 July 2021
Rental value: approximately SEK 0.2 billion/year
Average contract duration: 1.4 years
Major tenants: Kesko, Airbus and Jyväskylä University
Lettable area: 67,000 sq. m.
Economic occupancy rate: approximately 95%
This disclosure contains information that Castellum is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact persons, on 08-07-2021 19:00 CET.
For more information, please contact:
Henrik Saxborn, CEO Castellum AB, +46 706-94 74 50
Ulrika Danielsson, CFO Castellum AB, +46 706-47 12 61
Castellum is one of the Nordic region’s largest listed real estate companies with a property value of approximately SEK 96 billion. We are active in 14 Swedish growth regions as well as in Copenhagen and Helsinki. Every day, 250,000 people go to work in our premises. We develop flexible workplaces and logistics solutions with a lettable area of 3.8 million sq.m. One of our sustainability goals is to be entirely climate neutral by 2030. Castellum is the only Nordic real estate company selected by the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on Nasdaq Stockholm Large Cap.