Castellum invests SEK 280 mln. in new construction, extensions and refurbishments (SE)

Castellum has, through wholly-owned subsidiaries, decided on new construction, extensions and refurbishments for SEK 270 million (approx. €26 mln.) and acquired one building right of 11,000 m² for SEK 10 million.

In Jönköping, Fastighets AB Corallen will start the construction of a building for retail of consumer goods with a total area of 11,000 m². The property, which is fully let, is located at the south entrance to the A6-area in Jönköping. The investment is calculated to SEK 105 mln. and will be completed during the autumn 2010.

In Värnamo, Corallen has started a reconstruction of the retail property Kärnan. The reconstruction comprises, except from improved premises, investment in energy-efficient technology. The investment is calculated to SEK 21 mln. and will be completed at the turn of the year 2009/2010.

Further Corallen has acquired undeveloped land of 35,000 m² in Linköping with a possible building right of 11,000 m² for SEK 10 mln.

In central Kungsbacka Harry Sjögren AB will start a new construction of an office property of 3,000 m². The property is fully let. The investment is calculated to SEK 49 mln. and will be completed during the last quarter of 2010.

In the Asphomen-area, Örebro, Aspholmen Fastigheter AB has started a new construction of an office property of 1,800 m². The property is fully let. The investment is calculated to SEK 28 mln. and will be completed during the first quarter of 2010.

Furthermore, Aspholmen has started a reconstruction project for an existing customer in a property of 1,500 m² in the Kopparlunden area, Västerås. In the reconstruction old factory premises are converted to modern office premises. The investment is calculated to SEK 15 mln. and will be completed during the first quarter of 2010.

In the Arendal area, Gothenburg, Eklandia Fastighets AB has started a new construction and reconstruction project for an existing customer in a property of 23,400 m². The investment comprises new construction of 1,300 sq.m. and modernization of parts of the existing premises. The investment is calculated to SEK 28 mln. and will be completed during autumn 2009.

In Lund, Fastighets AB Briggen has for an existing customer started reconstruction in an office property of 12,300 m². The investment is calculated to SEK 24 mln. and will be completed during autumn 2009.

Source: Hugin

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