Castellum signs new lease in Hagastaden

The new lease agreements have been signed for five years, with planned occupancy in 2031 and a right to withdraw until 31 December 2027. Castellum’s total investment volume amounts to approximately SEK 1,200 million, and the total annual rental value* amounts to SEK 80 million. Jubileumshuset is being developed in partnership with HSB, where Castellum is developing the office space and HSB the residential units.

Castellum and Ericsson have previously signed an agreement for 24,000 sqm in the Infinity project, with planned occupancy in 2028. The annual rental value for Infinity* amounts to approximately SEK 140 million.

Ericsson will move its operations in Kista, including its head office, to Hagastaden.

“Hagastaden is an excellent location for Ericsson, in the heart of Stockholm’s network for technology collaboration and innovation. In our new premises, we will create modern and attractive office space designed for collaboration and innovation. The premises will also help us attract future talent who will continue to drive our technology leadership,” says Per Narvinger, Executive Vice President and Head of Business Area Networks at Ericsson.

“Welcome! Hagastaden will be an excellent location for Ericsson,” says Pål Ahlsén, CEO of Castellum AB.

Projects in brief

Emerald House

Property: Kvarter 11, Hagastaden

Investment volume: SEK 800 million

Area: 9,800 sqm (Leased to Ericsson: 9,400 sqm)

Annual rental value*: SEK 57 million

Occupancy rate: 96%

Construction start: 2029

Estimated occupancy: 2031

Sustainability certification: Miljöbyggnad Guld

Jubileumshuset