Castellum sells properties for SEKm 472 in Sundsvall and Östersund

Castellum has completed a sale of 4 properties in Sundsvall and 6 properties in Östersund totaling about 48,000 sq.m.

The selling price amounted to SEKm 472 after deduction of expenses and assessed deferred tax of SEKm 19, which is in line with the latest valuation. Final economic results will also be affected by reversed goodwill of approx. SEKm 40 and deferred tax income of SEKm 25.

Purchaser is NP3 and change of possession will take place on March 31, 2017.

The portfolio now being sold comprises office and warehouse premises, totaling about 48,000 sq.m., spread over approx. 13,000 sq.m. in 4 properties in Sundsvall and approx. 35,000 sq.m. in 6 properties in Östersund. The sale means that Castellum is leaving Östersund.

The total rental value amounts to approx. SEKm 50. Major tenants include Prolympia, Arbetsförmedlingen (the Swedish Public Employment Service) and Bridgestone Sweden AB. The economic occupancy rate is 80% and the average contract length is 3.4 years.

“The deal is part of the divestments we announced and means that we continue to concentrate our operations by reducing the number of cities where we operate”, says Henrik Saxborn, Castellum´s CEO.

Properties included in the transaction:
Sundsvall: Vandringsmannen 3,4, 5 and 6.
Östersund: Fältjägaren 1, 2, 3, 4 and 6 and Lugnet 7.

This information is information that Castellum AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on November 28, 2016.

For additional information, please contact:
Henrik Saxborn, CEO, Phone +46-31-60 74 50
Ulrika Danielsson, CFO, Phone +46-31-60 74 74

Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounted at the latest report to approx. SEK 74 billion, and comprises of commercial properties for office, retail, warehouse and industrial with a total lettable area of approx. 4.7 million sq.m. 

Castellum own and manage properties through one common brand in five geographical regions with strong local presence. The five geographical regions are: Central, North, Stockholm, West and Öresund. 

In 2016, Castellum sustainability performance was awarded two top distinctions: First Prize for sustainability reporting in Europe from EPRA and Global Sector Leader, handed out by GRESB which means that Castellum is ranked first in the world within the office- and industrial-properties sector. Further Castellum has been selected as an index component of the Dow Jones Sustainability Indices (DJSI), which includes the companies in all industries in the world with best performance in terms of sustainability.

The Castellum share is listed on Nasdaq Stockholm Large Cap.

Castellum AB (publ), Box 2269, SE-403 14 Gothenburg | Org nr/Corp Id no SE 556475-5550 | Phone +46 31 60 74 00 Fax +46 31 13 17 55