Castellum invests SEKm 443

Castellum has through wholly owned subsidiaries acquired two
properties for SEKm 188 and decided on new construction and
refurbishments of SEKm 255

A property in Hagalund industrial estate, Solna municipality, has
been acquired for SEKm 48. The lettable area of approx. 3,700 sq.m.
consists of 1,400 sq.m. office premises and 2,300 sq.m.
warehouse/industrial premises. At the time of taking possession in
the beginning of November the property was fully let.

A property in Kungsbacka has been acquired for SEKm 140. The lettable
area of approx. 23,500 sq.m. consists of 4,000 sq.m. office premises
and the remaining area are warehouse and manufacturing premises. The
property is located next to the northern motorway junction. The land
area amounts to 106,000 sq.m. and the property holds an unutilized
building permission of approx. 25,000 sq.m. The property is acquired
without tenants and the time of taking possession is at the end of

In the central parts of Malmö, at the Gustav Adolf square, the work
of converting existing premises to modern retail and office premises
will be started. The work comprises refurbishment and new
construction of approx. 4,000 sq.m. retail premises and approx. 2,500
sq.m. office premises. The investment amounts to SEKm 75 and will be
completed in stages until completed in the autumn 2008.

Edison Park part 1, with a lettable area of 20,000 sq.m, in Lund was
completed in 2001 and the outcome has been very satisfying. The
demand for premises that Edison Park represents has increased. The
work has now started on building a part 2. In a first stage of the
investment, 10,000 sq.m. office premises will be built for approx.
SEKm 180. Also, some land and foundation work will be made in order
to prepare for building of another 10,000 sq.m. in the future. The
first stage of part 2 is expected to be completed during the second
quarter 2008. Discussions are held with potential tenants but at the
present time there are no signed contracts.

On Castellum's website names and addresses of properties acquired or
sold since the beginning of the year are published.

Castellum is one of the major listed real estate companies in Sweden.
The fair value of the real estate portfolio amounts to approx. SEK 23
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 registered on OMX - Nordic list Large cap.

For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56
Henrik Saxborn, Deputy CEO, phone +46 31 60 74 50 / mobile + 46
706-94 74 50