Castellum AB (publ) has through the wholly owned subsidiary Fastighets AB Corallen started a new construction which is the last phase in the central area Atollen, Jönköping. The new construction is carried out together with a partner where Corallen's part consists of 4,400 sq.m. retail/office/restaurant premises, of which 7% currently is leased. The new construction will be completed according to the environmental system "Miljöbyggnad". Corallen started the development in the area at the end of 2011 by a new construction of 6,019 sq.m. office and retail premises. The total investment for Atollen is estimated to SEKm 289, of which the last stage accounts for SEKm 133 and is estimated to be completed during the spring 2015. In the Berga area, Helsingborg, Fastighets AB Briggen has started a new construction of a fully let, flexible warehouse building of 9,700 sq.m. The new building will be completed according to the environmental system "Miljöbyggnad" and "Green Building". The investment is calculated to SEKm 72 and to be completed during the fourth quarter 2014. In Högsbo, Gothenburg, Harry Sjögren AB has acquired an office property of 2,700 sq.m. The property is situated near the company's existing portfolio and has an occupancy rate of approx. 45%. The investment amounted to SEKm 34 net after reduction of estimated deferred tax and includes an unutilized building right of 6,000 sq.m. The change of possession has taken place. For further information, please contact Henrik Saxborn, CEO, phone +46 31 60 74 50 Ulrika Danielsson, Finance Director, mobile +46 706-47 12 61 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 37 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of 3.6 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#1708880]
Castellum invests SEKm 239
| Source: Castellum AB