Castellum and Heimstaden enter into major transaction totalling SEK 2.4 billion


Castellum AB (publ) and Heimstaden AB (publ) have completed a deal involving
property values worth SEK 2.4 billion. In all, the transaction comprises 27
properties, totalling 186,668 sq. m. in Norrköping, Linköping, Örebro and Solna.
The transaction also marks the beginning of a joint venture in the urban
development of Linköping and Norrköping.
Castellum has acquired four properties in Örebro and one property in Solna
through its wholly owned subsidiaries Aspholmen Fastigheter AB and Fastighets AB
Brostaden.
   In central Örebro, Aspholmen has acquired four office properties totalling
22,611 sq. m., with an occupancy rate of 92%. The investment amounted to SEKm
343 and the change of possession will take place in early May 2015.
   In Solna, Brostaden has acquired an office property/project property of 5,364
sq.m. with an occupancy rate of 17%.The investment amounted to SEKm 63 and the
change of possession will take place in early May 2015.

Furthermore, through wholly owned subsidiary Fastighets AB Corallen, Castellum
has acquired 50% of the shares in Henry Ståhl Fastigheter AB (HSAB) from
Heimstaden, with an option to acquire the remaining 50% of the company earliest
after 18 months. Heimstaden has a corresponding option to sell the remaining 50%
after the end of Corallen’s time of option. Change of possession is estimated to
take place in early June 2015. The purchase price, at utilization of the option,
will be based on the properties market value. In addition, prior to the change
of possession, Heimstaden will assume ownership of HSAB’s residential
properties. This latter action will streamline HSAB into a real estate company
with commercial premises. HSAB owns – after this latest restructuring – 13
properties in Norrköping and 9 properties in Linköping, corresponding to a total
property value of SEK 1.9 billion.

The transactions are conditional upon approval by the Swedish Competition
Authority.

The real estate portfolio in Norrköping, with an occupancy rate of approx. 85%,
comprises 12 centrally located office buildings and a well-located logistics
property totalling 107,275 sq. m. The Linköping property portfolio consists of 9
office buildings totalling 51,418 sq. m. Of these, 6 are centrally located, 2
are situated in the Mjärdevi Science Park and one is situated in the Tornby
-area. The occupancy rate of the real estate portfolio is just under 90%.

“This deal means that Castellum, with the strategy of a long-term player, gets
the opportunity to grow in a region with favourable future prospects. We
strengthen our position in Linköping and Örebro while entering a new market –
Norrköping. As a long-term player, Castellum wants to contribute to urban
development. This is why collaboration with Heimstaden was established, with the
aim of developing new city districts in both Norrköping and Linköping. I look
forward to working together with Heimstaden. We complement each other well:
Castellum has vast experience in commercial properties and Heimstaden has steady
focus on residential real estate. Together we’ll develop a solid existing
commercial property portfolio, while opening up for new constructions of both
commercial and residential properties,” says Henrik Saxborn, CEO of Castellum
AB, in a statement. “We work continuously and intensively to increase the
potential of our portfolio, and this transaction gives us an even more
favourable position from which to deliver future growth,” Saxborn continues.

“Through the partnership with Castellum we create the absolutely best
opportunities for continued development of commercial premises in Norrköping and
Linköping. Heimstaden, continues to wholly own all residential properties
included in Heimstaden’s purchase of HSAB in December 2014. We can combine this
with continued regional growth in Heimstaden’s prioritized segment: centrally
located residential properties,” says Patrik Hall, CEO of Heimstaden. “Thus we
get the best of both worlds, where this is also combined with our established
cooperation on urban development. With employee skills, expert knowledge and
service-mindedness – together with Castellum – we’ll contribute more
substantially to future development in the region,” continues Patrik Hall.

Castellum AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.

For further information, please contact

Henrik Saxborn, CEO Castellum AB, phone +46 31-60 74 50
Ulrika Danielsson, CFO Castellum AB, 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 approx. SEK 38 billion, and
comprises premises for office, retail, warehouse and industrial purposes with a
total lettable area of approx 3.3 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 Stockholm Large Cap.

Castellum AB (publ), Box 2269, SE-403 14 Göteborg | Org nr/Corp Id no SE 556475
-5550 | Phone +46 31 60 74 00 Fax +46 31 13 17

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