Castellum has through wholly owned subsidiaries during January 2005
sold and given up possession of six residential properties for SEKm
Eklandia Fastighets AB has sold two residential properties in
Kålltorp, Gothenburg to new tenant-owners' associations. The total
area amounted to 3,600 sq.m. and the total selling price was SEKm 51.
Eklandia has also sold two residential properties in the central
parts of Gothenburg to new tenant-owners' associations. The total
area amounted to 3,000 sq.m. and the total selling price was SEKm 44.
Fastighets AB Briggen has sold two residential properties in
Helsingborg to new tenant-owners' associations. The total area
amounted to 2,300 sq.m. and the total selling price was SEKm 33.
The sum of the above mentioned sales amounted to SEKm 128 which
exceeds the book value at 31 December, 2004 with SEKm 65. The
properties above have as previous years been valued by using an
internal cash-flow based valuation model. The valuation at 31
December, 2004 amounted to SEKm 111 implying that the sales exceeded
the valuation with SEKm 17.
Castellum is one of the major listed real estate companies in Sweden.
The book value of the real estate portfolio amounts to approx. SEK 15
billion, and 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 Stockholmsbörsen's O-list.
For further information, please contact
Lars-Erik Jansson, CEO, phone +46 31 60 74 00 / mobile +46 705-92 06
Håkan Hellström, CFO/deputy CEO, phone +46 31 60 74 00 / mobile +46
705-60 74 56