Castellum sells residential properties with a capital gain of SEKm 35

Gothenburg, March 30, 1999

The real estate company Castellum sells two residential properties in Backa Brunnsbo in Gothenburg at a total of SEK 90 million with a capital gain of SEK 35 million.

Through its local subsidiary in Gothenburg, Eklandia Fastighets AB, Castellum sells, with taking over at June 1st 1999, two residential properties in Backa Brunnsbo with in all 200 apartments and 14,900 square metres area.

The disposal are in line with Castellum's strategy to concentrate the residential portfolio to central, attractive locations in Gothenburg, Helsingborg and Lund.

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

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