Castellum AB, through its subsidiary Fastighets AB Corallen has started construction of the last phase in the central area Atollen, Jönköping. The project is carried out together with a partner, Corallen's part will consists of 4,400 m² retail/office/restaurant premises, of which 7% is currently leased. The new construction will be completed according to the environmental system "Miljöbyggnad". Corallen started the development in the area at the end of 2011 by a new construction of 6,019 m². office and retail premises. The total investment for Atollen is estimated to be around SEK 289 million (approx. €33.2 million), of which the last stage accounts for SEK 133 million (approx. €15.3 million) and is estimated to be completed during spring 2015.
In the Berga area, Helsingborg, Fastighets AB Briggen has started a new construction of a fully let, flexible warehouse building of 9,700 m². The new building will be completed according to the environmental system ‘Miljöbyggnad’ and ‘Green Building’. The investment is calculated to SEK 72 million (approx. €8.26 million) and to be completed during the fourth quarter 2014.
In Högsbo, Gothenburg, Harry Sjögren AB has acquired an office property of 2,700 m². The property is situated near the company's existing portfolio and has an occupancy rate of approx. 45%. The investment amounted to SEK 34 million (approx. €3.9 million) net after reduction of estimated deferred tax and includes an unutilized building right of 6,000 m². The change of possession has taken place.