Castellum starts building projects at SEK 135 million

Gothenburg, July 6, 1998
The real-estate company Castellum will construct a new office and industrial building in Mölndal, close to the beltway south of Gothenburg. The building will in its entirety be rented by ABB. The investment is calculated at SEK 135 million.

Castellum has made an agreement with ABB and Selmer Bygg Göteborg AB concerning the construction of a new office and industrial building of approximately 14,000 square metres by the southern beltway in Mölndal, south of Gothenburg. The building will in its entirety be utilized by companies associated to ABB and will be managed by Castellum's local subsidiary Harry Sjögren AB, which already has considerable property holdings in the immediate surroundings. The investment is estimated at SEK 135 million and the new building is expected to be finished in autumn 1999.

For further information, please contact
Håkan Hellström, CFO, tel +46 (0)31 60 74 00/+46 (0)705 60 74 56

Lars-Erik Jansson, deputy CEO, tel +46 (0)31 60 74 00/+46 (0)705 92 06 70