Castellum invests SEK 117 mln. and sells for SEK 40 mln. (SE)

Castellum has decided on investments in existing properties of SEK 42 mln. and has through wholly owned subsidiaries acquired for SEK 75 mln. and sold properties for SEK 40 mln. Fastighets AB Briggen has acquired an unlet commercial property with a lettable area of 14,300 m² for SEK 75 mln. in Malmö. Approximately 1,500 m² are office premises and the remaining area are warehouse and production premises. The building is of high standard and well situated in Fosie industrial estate, where the company already owns a number of properties. The time of taking possession is set to no later than July 31, 2006.

The development of Eklandia's property Nordstaden 2:16 in central Gothenburg continues. Decision has been made on an extensive refurbishment and completion of additional premises and rebuilding of the entrance for a total of SEK 42 mln. With the signing of a new lease for the remaining 3,700 m² office premises to a larger law firm all 14,500 m² office premises are let. Planning and marketing activities for approx. 2,500 m² unlet premises on the bottom and ground floors, which are most suitable for retail, are currently taking place.

Fastighets AB Briggen has sold a residential property with a lettable area of 2,300 m² in central Helsingborg to a new tenant owners' association. The sales price of SEKm 36 exceeded the fair value by SEK 11 mln. Possession will be given up on October 31.

Fastighets AB Corallen has sold and given up possession of a commercial property of 8,800 m² lettable area in Gnosjö. The sales price of SEK 4 mln. was SEK 1 mln. below fair value.

Source: Castellum

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