Real Estate Portfolio

The property portfolio is located in growth areas in Sweden, Copenhagen and Helsinki. The commercial portfolio consists of47% office, 23% public sector properties, 16% warehouse/logistics, 8% retail and 2% light industry. Property locations range from inner city sites to well-situated working-areas with good public transportation and services. The remaining 4% consist of developments and undeveloped land. Castellum owns approx.700,000 sq.m. of unutilized building rights and furthermore ongoing developments with remaining investments of approx. SEK 1.2 billion.

Castellum owns the largest number of environmentally certified buildings among the listed real estate companies in Sweden and Castellum’s buildings are 51 % more energy efficient than the Swedish benchmark for premises. Out of the
real estate portfolio 164 properties, equivalent to 36 % of the area, are certified according to Green Building, Miljöbyggnad, BREEAM or LEED. Certification is underway for another 2% of the portfolio.

During the period January-December 2019 investments totalling MSEK 6,112 (5,292) were carried out, of which MSEK 3,350 (2,455) were acquisitions and MSEK 2,767 (8,837) new developments, extensions and redevelopments. After sales of MSEK 4,138 (2,635) net investments amounted to MSEK 1,974 (2,657).