Castellum invests €19 million in Växjö (SE)

Fastighets AB Corallen, a wholly owned subsidiary of Castellum, has acquired and taken possession of one commercial property in Växjö for approx. €19 million (SEK 194 mln), of which approx. €3 million (SEK 32 mln) refers to a deferred nominal tax liability since the property was acquired through a company acquisition.

The property is located in the expansive industrial area Västra Mark in Växjö. The building was originally built during the 60's and has thereafter been refurbished and extended in several steps and has a high technical standard today. The lettable area amounts to 31,000 m² and consists of office and industrial premises as well as restaurant and conference premises. The occupancy rate amounts to approx. 85%. The property also holds undeveloped land of approx. 25,000 m² which gives potential for future new construction.

Source: Castellum

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