Castellum's net leasing continues strong

  • Rental income for the period January - June 2006 amounted to SEKm

Income from property management for the period, i.e. net income
excluding changes in value and tax, amounted to SEKm 417 (379),
equivalent to SEK 2.54 (2.31) per share. The improvement amounts to

During the period changes in value on properties and derivatives
amounted to, respectively SEKm 325 (531) and SEKm 168 (-155). After
deduction for tax of SEKm 242 (209) net income for the period was
SEKm 668 (546) equivalent to SEK 4.07 (3.33) per share.

During the period investments totalling SEKm 834 (736) were made, of
which SEKm 361 (499) were acquisitions and SEKm 473 (237) investments
in existing properties. Further, 7 (24) properties were sold for a
total of SEKm 126 (428). Including acquisitions made in the beginning
of July the investments during the year amounts to SEK 1.3 billion.

"I'm very pleased that Castellum's organisation has been successful
in handling the good demand for premises" comments Castellum's CEO,
Håkan Hellström. "Net leasing together with investments made mean
good conditions for a positive development in future earnings" adds
Håkan Hellström.

Castellum is one of the major listed real estate companies in Sweden.
The fair value of the real estate portfolio amounts to over SEK 22
billion, and comprises mainly commercial properties. 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 Western Småland.
The Castellum share is listed on Stockholmsbörsen's O-list, Attract

For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56

Enclosure: Half-year Report January - June 2006