STOCKHOLM, Sweden, June 12, 2002 (PRIMEZONE) -- Eklandia Fastighets AB, a wholly owned subsidiary to Castellum AB, have signed a lease contract with Elanders AB which means that Eklandia will build an infomediahouse in Molnlycke Business Park outside Gothenburg.
On one plot of land, owned by Eklandia and not yet built on, in Harryda municipality, there has been brought forward a solution which provide for Elanders requirement of business premises as well as office premises. The property will have an attractive location in direct connection to highway 40 at the roundabout to Molnlycke. That means that the property will have a very good availability. The construction work will be started during July 2002 and the property is expected to be ready for moving in during December 2003. The property will have an area of 12,000 square metres, garage excluded. The investment is estimated to SEK 135 million.
Elanders have for a long period of time been looking for a location with good availability in order to gather parts of the Groups business in one place. The effects that achieves of being under the same roof is, among others, coordination of resources which means efficiency of capacity and optimizing of the production process.
Castellum, which is one of the major real estate companies in Sweden operating solely in the real estate sector, owns properties with a book value of about SEK 12 billion. The total lettable area, which comprises mainly commercial properties, amounts to 2.3 million square metres. The real estate portfolio, which is owned and managed by six local subsidiaries, is concentrated in Greater Gothenburg, the Oresund region, Greater Stockholm, western Smaland and Malardalen. The Castellum share is listed on Stockholmsborsen (Stockholm Exchange) O-list, Attract 40.
For further information, please contact: Lars-Erik Jansson, CEO Castellum AB, phone +46 31 60 74 00 / obile +46 705-92 06 70 Hakan Hellstrom, CFO/deputy CEO Castellum AB, phone +46 31 60 74 00 / mobile +46 705-60 74 56 Tage Christoffersson, Managing Director Eklandia Fastighets AB, +46 31 744 09 00 / mobile +46 705-84 04 89
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