In the block Fullriggaren, in the area Västra Hamnen in Malmö, Castellum has
through the wholly owned subsidiary Fastighets AB Briggen started a new
construction of approx 6,000 sq.m. office premises. In Västra Hamnen, there is
ongoing development of the area from industrial land to offices and residential
properties. Briggen's investment is calculated to SEKm 149 and expected to be
completed during the spring 2012. Currently there are no signed contracts in the
Further Briggen has made its first investment on the Danish side of the
Öresund region through the acquisition of a property in Albertslund, located in
western Greater Copenhagen. The property consists of 8,500 sq.m. office and
warehouse premises. The investment amounted to SEKm 52. The property is
currently let on a short contract.
In Frihamnen, Stockholm, Fastighets AB Brostaden has sold an office property of
3,750 sq.m. with an underlying property value equivalent to SEKm 74, which
exceeded the latest valuation at the year-end with SEKm 22. Change of possession
has taken place.
At Lindholmen, on Hisingen in Gothenburg, Eklandia Fastighets AB has acquired
land with a possibility of new construction of office premises. The land is
located adjacent to one of Eklandia's existing properties. The investment
amounted to SEKm 36.
Further Eklandia has started an extension and reconstruction of office
premises for an existing customer in Kallebäck, Gothenburg. The investment is
calculated to SEKm 27 and expected to be completed during the fourth quarter
In Varla, Kungsbacka, Harry Sjögren AB has started reconstruction of an
existing property for a customer. The investment is calculated to SEKm 23 and
expected to be completed during the summer 2011.
For further information, please contact
Håkan Hellström, CEO. Phone +46 31 60 74 00 / +46 705 60 74 56
Henrik Saxborn, Deputy CEO. Phone +46 31 60 74 00 / +46 706 94 74 50
Castellum is one of the major listed real estate companies in Sweden. The fair
value of the real estate portfolio amounts to approx. SEK 32 billion, and
comprises premises for office, retail, warehouse and industrial purposes with a
total lettable area of approx 3.3 thousand sq.m. The real estate portfolio is
owned and managed by six wholly owned subsidiaries with strong local roots in
five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm,
Mälardalen and Eastern Götaland.
Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.
Castellum AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Castellum AB (publ) via Thomson Reuters ONE