- Rental income for 2010 amounted to SEKm 2,759 (SEKm 2,694 corresponding
The net leasing during the year amounted to SEKm 36 (-37) of which SEKm 23
during the fourth quarter. The gross leasing during the year were SEKm 257
(251), of which SEKm 46 (31) were leasing on new constructions, extensions and
reconstructions. Notices of termination amounted to SEKm 221 (288), of which
bankruptcies were SEKm 12 (31).
"The improved demand on all Castellum's property markets has resulted in an
increase in the net leasing during the fourth quarter. The real estate market
has been further strengthened, with increased liquidity and higher real estate
prices as a result" comments CEO Håkan Hellström. "Even if Castellum did not
reach the growth target, the highest income from property management ever is
accounted for. This has made it possible to propose an increased dividend to the
shareholders" adds Hellström.
Enclosure: Year-end Report 2010
For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56
Ulrika Danielsson, Finance Director, phone +46 31 60 74 00 /
mobile +46 706-47 12 61
Castellum is one of the major listed real estate companies in Sweden. The fair
value of the real estate portfolio amounts to approx. SEK 32 billion, and
comprises premises for office, retail, warehouse and industrial purposes with a
total lettable area of approx 3.3 thousand sq.m. 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 Eastern Götaland.
Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.
Castellum AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Castellum AB (publ) via Thomson Reuters ONE