Castellum has completed a sale of 10 properties in Sundsvall, 13 in Umeå and 9 in Luleå for €460m (SEK 4,500m). Purchaser is Diös and the change of possession will take place on February 1st, 2017.
The portfolio now being sold primarily comprises offices/retail stores and a number of residences. Area totals approx. 216,000m², distributed over 10 properties in Sundsvall (approx. 53,000m²), 13 properties in Umeå (approx. 87,000m²) and 9 properties in Luleå (approx. 76,000m²). In total, the divestment amounts to 15% of the real estate portfolio acquired in the Norrporten transaction.
Total rental value adds up to approx. €36.8m (SEK 360m). Major tenants include the Courts of Sweden, Skandia insurance company and the Swedish Transport Administration. The economic occupancy rate totals approx. 93% and average contract length is 4.5 years.
Properties included in the transaction:
Sundsvall: Aesculapius 10, Badhuset 1, Bryggeriet 1, Cupido 7, Järnvägsstationen 1, Skandia 1, Stenhuggaren 5, Vesta 1, Vesta 3 and Ödet 7.
Umeå: Ask 5, Björken 1, Hugin 4, Kraften 12, Läraren 1, Magne 4, Nytorget 2, Odin 12, Skvadronen 2, Slöjdaren 3, Sågen 5, Vipan 24 and Älvsbacka 9, 10.
Luleå: Biet 1, Forellen 9, Gripen 1, Hermelinen 12, Hunden 15, Katten 14, Råttan 17, Strutsen 14 and Östermalm 6:16.
