Castellum sells properties for SEKm 48 with a capital gain of SEKm 19 and invests for SEKm 37

Gothenburg, June 27th, 2003
Castellum has, through its subsidiary Eklandia Fastighets AB, sold three residential properties, with a total area of approx. 2,000 sq.m. in Masthugget, Gothenburg and a smaller residential property in Kålltorp, Gothenburg of approx. 500 sq.m. for a total of SEKm 30 with a capital gain of SEKm 14.

Castellum has, through its subsidiary Aspholmen Fastigheter AB, sold an office/retail property of approx. 3,200 sq.m. in the area Svartbäcken in Uppsala for SEKm 18 with a capital gain of SEKm 5.

Aspholmen has acquired a warehouse/industrial property of approx. 2,300 sq.m. in the area Boländerna in Uppsala for SEKm 15. Boländerna is considered to be one of three external market areas in Uppsala today.

Castellum has, through its subsidiary Fastighets AB Briggen, signed a leasing contract with a German company which has been operating in Lund since 1897. The contract means that Briggen will utilise an existing building permission and build a new office/industrial property of approx. 3,000 sq.m. in Gunnesbo industrial area in Lund. The investment totals approx. SEKm 22 and the building is expected to be ready for moving in during the first quarter 2004.

In the central parts of Malmö, close to Gustav Adolfs torg, Briggen owns Hansacompagniet and Hansagallerian in which investments of approx. SEKm 130 have been made during the last year. A yearly study, regarding shopping in Malmö, shows good city-shopping in general and particularly for Hansacompagniet. The investments have had a major effect on the positive development and in time for the Christmas-shopping 2003 the two buildings will be connected with foot-bridge, one floor above the ground. At the same time a number of new stores will open on the second floor in Hansagallerian.

Castellum has during the second half of June 2003 set up a commercial paper program giving access to a maximum amount of SEK 1.5 billion. The demand during the first days of trading has been good and Castellum has through the program got access to one more favourable source of funding.

 
 

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