Castellum AB (publ) has through the wholly owned subsidiary Fastighets AB Briggen started an extension and reconstruction of a property of 14,000 sq.m. in Jägersro, Malmö. The investment is calculated to just over SEKm 100 and is estimated to be completed during the last quarter 2013. The property has an occupancy rate of 90%. Fastighets AB Brostaden has acquired four properties in Stockholm near the company's existing portfolio. The properties consist of office- and warehouse premises of 15,500 sq.m. and the investment amounts to SEKm 154. The change of possession has taken place and the properties are in principle fully let. In Huddinge, Stockholm, near highway E4/E20 Brostaden has acquired an in principle fully let office property of 5,500 sq.m. The investment amounted to SEKm 56 and the change of possession has taken place. Further Brostaden has started a new construction in Smista Allé of a parking facility with five floors of 9,600 sq.m. in total. The parking facility is situated near properties which Brostaden has completed earlier. The investment is calculated to SEKm 71 and to be completed during the second quarter 2013. The new construction is fully let. In Torsvik, Jönköping, Fastighets AB Corallen has acquired a let warehouse property of 9,020 sq.m. The property has an unutilized building right of 5,000 sq.m. The investment amounted to SEKm 45 and the change of possession has taken place. Further Corallen has started a new construction in Ljungarum, Jönköping, of 3,100 sq.m. warehouse and industrial premises. The investment is calculated to SEKm 39 and to be completed during the first quarter 2013. The new property is fully let. In Kärra, Gothenburg, Eklandia Fastighets AB has started an extension of 3,800 sq.m. industrial premises. The investment is calculated to SEKm 29 and to be completed during the first quarter 2013. The extension is fully let. 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 00 / +46 706 94 74 50 www.castellum.se Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to SEK 35 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of 3.4 million sq.m. 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. Castellum is listed on NASDAQ OMX Stockholm AB Large Cap. Castellum AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. [HUG#1643647]
Castellum invests half a billion SEK
| Source: Castellum AB