Castellum sells residential properties with a capital gain of SEKm 36 and makes investments for SEKm 72

Gothenburg, March 5th, 2003

Castellum has, through its subsidiary Eklandia Fastighets AB, sold four residential properties in Gothenburg, to a new tenant-owners’ association. The properties have a total area of 4,387 sq.m. and the sales price amounted to SEKm 55 with a capital gain of SEKm 36.

Further more, the subsidiary Harry Sjögren AB has acquired a property nearby Söderleden in the Åbro-area in Mölndal for a total of SEKm 34. The building, which at the time of acquisition is unleased, consists of 3,110 sq.m. warehouse premises, 1,445 sq.m. office premises and an unutilized building permission of approx. 4,000 sq.m. The property has good accessibility and will make a good contribution in order to meet the demands of modern warehouse and logistic properties.

In addition the subsidiary Fastighets AB Briggen has acquired two properties in Lund for SEKm 16. One property holds a building permission of about 3,000 sq.m. whilst the other property comprises warehouse and office premises of 3,300 sq.m. The building, which at the time of acquisition was unleased, is now fully let. The properties are located in the Gunnesbo industrial area were Briggen already owns properties.

In Växjö the subsidiary Fastighets AB Corallen has acquired a property for SEKm 22. The property is located in the area of Västra Mark and comprises office and industrial premises for a total of 4,900 sq.m as well as a building permission of about 4,000 sq.m. Since earlier, Corallen owns properties in the area of Västra Mark in Växjö.

 

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