Castellum sells properties with a capital gain of SEKm 58

Gothenburg, January 28, 2002

The real estate company Castellum has, through its local subsidiaries, sold 19 properties in Greater Gothenburg and Mälardalen for SEK 248 million, with a total capital gain of SEK 58 million.

Before the year-end, the subsidiary Aspholmen Fastigheter AB, in one transaction, disposed of all its properties in the town of Enköping. The transaction involved ten properties, mostly residential, of in all 17,950 square metres lettable area. The total sales price amounted to SEK 103 million, which resulted in a capital gain of SEK 2 million that will be assigned to 2001. Consequently, the total capital gains from property sales during 2001 amount to SEK 129 million.

After the year-end, Eklandia Fastighets AB, has disposed of in all seven residential properties in central Gothenburg. In the district Linnéstaden, four properties of 5,830 square metres were sold to new housing co-operatives at a total sales price of SEK 71 million with a capital gain of SEK 33 million. Furthermore, two residential properties of 2,893 square metres in the district Stampen were sold, in one transaction, for SEK 26 million with a capital gain of SEK 7 million. In addition, a property of 2,642 square metres in the district Olskroken was disposed of at a total of SEK 31 million with a capital gain of SEK 8 million.

Harry Sjögren AB has sold a retail property of 1,677 square metres in Alingsås. The sales price amounted to SEK 10 million and the capital gain was SEK 4 million. Moreover, Aspholmen Fastigheter AB has sold a retail property of 1,600 square metres in Örebro at a sales price of SEK 7 million with a capital gain of SEK 4 million.

Consequently, the total capital gains from property sales during 2002 amount so far to SEK 56 million.

For further information, please contact
Lars-Erik Jansson, CEO, phone +46 31 60 74 00/ mobile +46 705-92 06 70

Håkan Hellström, CFO/deputy CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56