Property Portfolio

The property portfolio is concentrated in growth regions in Sweden, Copenhagen and Helsinki. The commercial portfolio consists of 58% office, 19% public sector properties, 8% warehouse/logistics, 5% retail and 1% light industry. The remaining 9% consists of developments and undeveloped land. Property locations range from city centre locations to well-situated business districts with good public transportation and services.

Castellum owns the largest number of environmentally certified buildings among the listed real estate companies in Sweden and Castellum’s buildings are 47% more energy efficient than the Swedish benchmark for premises. Out of the
real estate portfolio 181 properties, equivalent to 44% of the area, are certified according to Green Building, Miljöbyggnad, BREEAM or LEED. Certification is underway for another 3% of the portfolio.

During January-December 2020, a total of MSEK 5,158 (6,112) was invested, of which MSEK 2,646 (3,350) was acquisitions and MSEK 2,512 (2,762) new construction, extensions and reconstructions. After sales and cash settlements of MSEK 891 (4,138), including a previously unrecognised earnout of MSEK 120, net investments amounted to MSEK 4,267 (1,974).

Read more in Annual Report 2020