Castellum invests for SEKm 249

Castellum has acquired three commercial properties for SEKm 62 and
decided on new construction, extensions and refurbishment for SEKm
187

In the area Bista in Örebro one commercial property has been acquired
for SEKm 30. The property holds two buildings with a total lettable
area of approx. 4,900 sq.m. comprising office, warehouse and
production premises. At the time of taking possession in March, the
economic occupancy rate was approx. 90%.

I Gothenburg one commercial property has been acquired for SEKm 26.
The property holds one building with a lettable area of approx. 4,500
sq.m. comprising office and warehouse premises. Following the signing
of a new lease some tenant adjustments will be made for approx. SEKm
6. At the time of taking possession in March the economic occupancy
rate was approx. 70%.

In Västerås one smaller property has been acquired for SEKm 6. The
property holds one building with a lettable area of approx. 2,800
sq.m. which mainly consists of industrial premises. At the time of
taking possession in March the economic occupancy rate was approx.
90%.

After the signing of a new lease work has started on new construction
of a building of approx. 8,800 sq.m. in Värnamo. The main part of the
area will be retail premises. The investment is calculated to SEKm 68
and time for moving in is set to the spring of 2008.

In Nordstaden in the central parts of Gothenburg an office property
with a lettable area of approx. 17,500 sq.m. was acquired in 2004.
All of the office premises are let. Now the last step, in which the
ground and basement floor, will be refurbished into retail premises,
has begun. The investment is calculated to SEKm 75 and is planned to
be completed in the beginning of 2008.

In Ljungarum industrial estate in Jönköping with good connection to
the E4 and close to the city center work has started on new
construction of two buildings and refurbishment of three buildings.
The investment is calculated to SEK 27 and the final step is planned
to be completed during the autumn of 2008.

In Högsbo industrial estate in Gothenburg with good connections to
highways a smaller building of approx. 1,900 sq.m. will be built for
SEKm 17. The building consists of industrial and production premises.
The work is planned to be completed during the autumn of 2007 and all
premises are let.


Castellum is one of the major listed real estate companies in Sweden.
The fair value of the real estate portfolio amounts to approx. SEK 25
billion, and comprises commercial properties. The real estate
portfolio is owned and managed by six wholly owned subsidiaries with
strong local roots in five growth regions: Greater Gothenburg, the
Öresund Region, Greater Stockholm, Mälardalen and Eastern Götaland.
The Castellum share is registered on OMX - Nordic list Large cap.


For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46 705-60 74 56
Henrik Saxborn, Deputy CEO, phone +46 31 60 74 50 / mobile + 46
706-94 74 50