Castellum invests half a billion SEK (SE)

Castellum AB (publ) has through the wholly owned subsidiary Fastighets AB Briggen started an extension and reconstruction of a property of 14,000 m² in Jägersro, Malmö. The investment is calculated to just over SEK 100 million (approx. €11.7 million) and is estimated to be completed during the last quarter 2013. The property has an occupancy rate of 90%.

Fastighets AB Brostaden has acquired four properties in Stockholm near the company's existing portfolio. The properties consist of office- and warehouse premises of 15,500 m² and the investment amounts to SEK 154 million (approx. €18 million). The change of possession has taken place and the properties are in principle fully let.

In Huddinge, Stockholm, near highway E4/E20 Brostaden has acquired an in principle fully let office property of 5,500 m². The investment amounted to SEK 56 million (approx. €6.5 million) and the change of possession has taken place.

Further Brostaden has started a new construction in Smista Allé of a parking facility with five floors of 9,600 m² in total. The parking facility is situated near properties which Brostaden has completed earlier. The investment is calculated to SEK 71 million (approx. €8.3 million) and to be completed during the second quarter 2013. The new construction is fully let.

In Torsvik, Jönköping, Fastighets AB Corallen has acquired a let warehouse property of 9,020 m². The property has an unutilized building right of 5,000 m². The investment amounted to SEK 45 million (approx. €5.3 million) and the change of possession has taken place.

Further Corallen has started a new construction in Ljungarum, Jönköping, of 3,100 m² warehouse and industrial premises. The investment is calculated to SEK 39 million (approx. €4.6 million) and to be completed during the first quarter 2013. The new property is fully let.

In Kärra, Gothenburg, Eklandia Fastighets AB has started an extension of 3,800 m² industrial premises. The investment is calculated to SEK 29 million (approx. €3.4 million) and to be completed during the first quarter 2013. The extension is fully let.

Source: Castellum AB

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