Castellum sells residential properties and undeveloped land with a capital gain of SEKm 50

Gothenburg, January 21, 2003

Castellum has, through its subsidiaries, sold properties totaling SEKm 135 with a capital gain of SEKm 50.

During the end of 2002 seven smaller properties were sold with the total selling price amounting to SEKm 36, which were equivalent to book value. Five of the properties, two in Vaggeryd, one in Växjö, one in Jönköping and one in Värnamo were sold by the subsidiary Fastighets AB Corallen. One property in Borås and one in Kungälv were sold by the subsidiaries Harry Sjögren AB and Eklandia Fastighets AB respectively. Furthermore Fastighets AB Corallen has acquired two smaller properties at the end of 2002 for a total of SEKm 15.

During the year 2002 properties were sold for a total of SEKm 503 with a capital gain of SEKm 179 while acquisitions including investments in existing properties totaled SEKm 1 050.

In the beginning of 2003 Eklandia Fastighets AB has sold two residential properties, Lorensberg 49:12 (3 300 sq.m) and Kommendantsängen 6:7 (2 800 sq.m) to new tenant-owners' associations. The selling price totals SEKm 78 with a capital gain of SEKm 43.

The subsidiary Fastighets AB Brostaden has sold a building permission of 6 000 sq.m in Smista Park next to Kungens Kurva south of Stockholm, for SEKm 11 with a capital gain of SEKm 7. In addition the subsidiary Aspholmen Fastigheter AB has sold the property Gjutjärnet 11 in Västerås for SEKm 10, equivalent to book value.

 

Castellum is one of the major listed real estate companies in Sweden. The book value of the real estate portfolio amounts to SEK 13 billion, which comprises mainly commercial properties. The real estate portfolio is owned and managed by six subsidiaries with strong local roots in five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Western Småland and Mälardalen. The Castellum share is listed on the Stockholmsbörsens O-list, Attract 40.

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

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