With reference to Nasdaq Stockholm’s decision on 7 March 2016 to halt the trading in the shares of Castellum AB (publ) and all other instruments connected to the shares as well as Castellum’s bonds at 17:05 CET on the same date until further notice pursuant to Chapter 22, Section 1, first paragraph of the Swedish Securities Market Act, Castellum confirms that it is currently evaluating the possibilities of acquiring Norrporten’s property portfolio.
Castellum is one of Sweden’s largest real property companies with a total property value of SEK 42 billion. One of Castellum’s characteristics is the goal to develop its property portfolio by yearly net investments of 5% of the property value. There are many business opportunities for Castellum and the company therefore evaluates potential acquisitions and divestments of properties in order to develop its property portfolio on a continuous basis. Such a business opportunity is an acquisition of Norrporten’s property portfolio, which the company, therefore, is also currently evaluating. At present, there is, however, no additional information to announce, but the company intends to inform the market if the on-going evaluation results in the company carrying out an acquisition.
Castellum has engaged Carnegie Investment Bank in connection with the evaluation.
Castellum AB (publ) publishes this information in compliance with the Swedish Securities Market Act and/or the Swedish Act on Trading in Financial Instruments.
For more information, contact
Henrik Saxborn, CEO, tel: +46-31-60 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 42 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of approx 3.4 million 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.
In 2015, Castellum sustainability performance was awarded two top distinctions: the World Green Building Council’s award Business Leadership in Sustainability and “Green Star 2015” by GRESB. This means that Castellum is one of the highest ranking companies in the world in the real estate sector.
Castellum is listed on Nasdaq Stockholm AB Large Cap.
Castellum AB (publ), Box 2269, SE-403 14 Göteborg | Org nr/Corp Id no SE 556475-5550 | Tel +46 31 60 74 00 Fax +46 31 13 17 55