Castellum sells residential properties in Helsingborg with a capital gain of SEKm 68 and invests for SEKm 200 in Öresund

Gothenburg, May 7th, 2003
During May, Castellum has through its subsidiary Fastighets AB Briggen, sold six residential properties, with a total area of approx. 21,000 sq.m. in Helsingborg for a total of SEKm 168 with a capital gain of SEKm 68.

During April, Briggen has acquired an office property in Malmö for a total of SEKm 190. The property has a very central location in Malmö, next to Gustav Adolfs torg. The total letable area is 10,700 sq.m. The acquisition will make a valuable contribution to Briggen’s properties in the central parts of Malmö. Further more Briggen has acquired two smaller properties in Lund for a total of SEKm 10.

During March, a few smaller property businesses were made which were included in the Interim Report for the first quarter 2003. Briggen has acquired an office property of 2,700 sq.m in Videdal area in Malmö for SEKm 26. Further more two properties were sold in Mölndal and Vaggeryd respectively, for a total of SEKm 15.

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.