Castellum has announced that it has acquired three commercial properties for approx. €6 million (SEK 62 mln) and decided on new construction, extensions and refurbishment for the amount of approx. €19 million (SEK 187 mln).
In the area Bista in Örebro one commercial property has been acquired for SEK 30 million (ca. €3 mln). The property holds two buildings with a total lettable area of approx. 4,900 m² comprising office, warehouse and production premises. At the time of taking possession in March, the economic occupancy rate was approx. 90%.
In Gothenburg one commercial property has been acquired for SEK 26 million (ca. €3 mln). The property holds one building with a lettable area of approx. 4,500 m² comprising office and warehouse premises. Following the signing of a new lease some tenant adjustments will be made for approx. SEK 6 million (ca. €0.6 mln). At the time of taking possession in March the economic occupancy rate was approx. 70%.
In Västerås one smaller property has been acquired for SEK 6 million (ca. €0.6 mln). The property holds one building with a lettable area of approx. 2,800 m² which mainly consists of industrial premises. At the time of taking possession in March the economic occupancy rate was approx. 90%.
After the signing of a new lease work has started on new construction of a building of approx. 8,800 m² in Värnamo. The main part of the area will be retail premises. The investment is calculated to SEK 68 million (ca. €7 mln) and time for moving in is set to the spring of 2008.
In Nordstaden in the central parts of Gothenburg an office property with a lettable area of approx. 17,500 m² was acquired in 2004. All of the office premises are let. Now the last step, in which the ground and basement floor, will be refurbished into retail premises, has begun. The investment is calculated to SEK 75 million (ca. €7.5 mln) and is planned to be completed in the beginning of 2008.
In Ljungarum industrial estate in Jönköping with good connection to the E4 and close to the city center work has started on new construction of two buildings and refurbishment of three buildings. The investment is calculated to SEK 27 million (ca. 3 mln) and the final step is planned to be completed during the autumn of 2008.
In Högsbo industrial estate in Gothenburg with good connections to highways a smaller building of approx. 1,900 m² will be built for SEK 17 million (ca. €1.7 mln). The building consists of industrial and production premises. The work is planned to be completed during the autumn of 2007 and all premises are let.
Source: Castellum
