Castellum has through wholly owned subsidiaries acquired two commercial properties for SEK 262 million (approx. €26m) and decided on reconstruction for SEK 30 million (approx. €3m).
Eklandia Fastighets AB has acquired a commercial property for SEK 210 million (approx. €21m), of which SEK 42 million (approx. €4m) refers to deferred nominal tax liability since the property was acquired as a company acquisition. The property is located on Hisingen/Gothenburg and has a total lettable area of approx. 16,000 m² of which 2,600 m² consists of office premises, 13,000 m² production and warehouse premises and a 400 m² restaurant. The property has a good location with direct access to and good exposure from the E6 and is in principal fully let. The property also holds an unutilized building permission of approx. 12,000 m². A contract has been signed and possession has been taken.
Fastighets AB Brostaden has acquired an office property for SEK 52 million (approx. €5m). The property is located in Sundbyberg/Solna and has a lettable area of approx. 2,700 m². The building has a high technical standard after extensive refurbishment. The location offers good communications with underground as well as commuter train within walking distance. A contract has been signed and possession has been taken.
After the signing of a new lease Fastighets AB Brostaden has started a reconstruction project of turning an older property into a modern warehouse and logistic property. The property is located in Botkyrka/Stockholm. The lettable area amounts to 21,000 m² and the investment is calculated to SEK 30 million (approx. €3m). The project is planned to be completed in the spring of 2008.