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ARTICLES TAGGED WITH "Castellum"

”The company’s DNA is to own properties primarily in Sweden”

Sweden — Castellum’s occupancy rate continues to decline, and net leasing—excluding ongoing projects—stands at negative 63 million so far this year. CEO Pål Ahlsén notes that the rental market has yet to turn around for Castellum, but emphasizes that the company’s top priority is to achieve growth in rental income. He also discusses the company’s continued focus on divestments, the state of the transaction market, and how Castellum’s strategy might serve as inspiration for strengthening Entra.

Castellum’s major divestment journey in 2026

Sweden — Castellum continues its determined efforts to streamline its portfolio to consist exclusively of properties that meet its return requirements. Nordic Property News takes a closer look at the company's extensive divestment journey during 2026.

Castellum divests in Linköping and Umeå

Sweden — Castellum has signed agreements with Emilshus and Runnstaden to divest six properties in Linköping and Umeå, with a total underlying property value of SEK 258 million.

Castellum builds new HQ for global technology company in Västerås

Sweden — On October 27, the groundbreaking ceremony will take place for Quintus Technologies’ new headquarters at Finnslätten. A 15-year lease agreement has been signed, and the project is expected to be completed in the autumn of 2027.

Castellum changes the organization – moves from four regions to two

Sweden — Castellum is simplifying its organization and intends to move from four regions to two. Örjan Rystedt will be CEO of Region Göta and Per Gawelin will be CEO of Region Svea. At the same time, the company aims to reduce its administrative costs by 15 percent, corresponding to approximately SEK 100 million.

Roger Akelius wants Castellum to sell its stake in Entra – and its properties outside Sweden

Nordic — Roger Akelius wants Castellum to exit both the Finnish and Danish markets and sell its entire stake in Norwegian property company Entra, he tells EFN Finansmagasinet in an interview.

Pål Ahlsén: A significant part of the portfolio can be sold

Sweden — So far this year, Castellum has sold properties worth almost SEK 24 billion – and more is expected in the second half of the year. Following the Q2 report released earlier this summer, CEO Pål Ahlsén announced during the presentation that there is still a significant portion of the company’s portfolio that it would be better for them to sell at fair value rather than keep. He also commented on the positive net rental of SEK 110 million, the company’s continued increasing vacancy rate and the situation in the rental market.

Wihlborgs and Castellum get approval for major deal

Sweden — The Swedish Competition Authority has approved Wihlborgs' previously announced acquisition of Castellum's property portfolio in Malmö, Lund and Helsingborg. As a result, all conditions for the transaction have been fulfilled and the acquisition can now be completed.

"This suggests that Pål Ahlsén knows how to do the numbers"

Sweden — Castellum continues its journey towards improved profitability with a landmark divestment, selling its Skåne portfolio to Wihlborgs for SEK 13.3 billion. The company's largest shareholder, Roger Akelius, shares his perspective on the transaction.

Wihlborgs agrees to acquire Castellum’s South Sweden portfolio

Sweden — Wihlborgs has signed an agreement with Castellum to acquire all of Castellum’s property holdings in Malmö, Lund and Helsingborg at an underlying property value of SEK 13.3 billion (EUR 1.2 billion).

Lina Brolin appointed new Head of Transactions at Castellum

Sweden — Lina Brolin has been employed at Castellum since April 2022 and has had responsability for transactions since July 2023. She will take up the new role on June 1 and report to the CFO.

Castellum signs new lease in Hagastaden

Sweden — Castellum and Ericsson have signed two new lease agreements for a total of approximately 13,000 sqm in the Emerald House and Jubileumshuset projects in Hagastaden, Stockholm. Ericsson has also announced that it will not exercise its option to reduce the space in its previous lease agreement for the Infinity project.

Castellum sees active market with many potential buyers

Sweden — Castellum continues to work on the strategy of streamlining the portfolio – disposing of assets that cannot not meet the target of ten percent return on equity. CEO Pål Ahlsén and acting CFO Christoffer Strömbäck shared their view on the divestment strategy and the market for them.

Erik Selin proposed as new Chair in Entra's Board of Directors

Norway — Entra's two largest shareholders, Castellum and Balder, have independently informed the Nomination Committee of Entra that they wish to take a more active role through board representation. Each of Castellum and Balder has therefore proposed to be represented by two board members and has also proposed that Erik Selin be elected as chair of the board at the Annual General Meeting.

Castellum ups the transaction pace – the company’s divestment journey after Pål Ahlsén’s entry

Sweden — After the summer of 2025, Pål Ahlsén stepped in as the new CEO of Castellum with a clear mantra: to make the company profitable. Vacancy levels are to be reduced, and properties that do not generate adequate returns are to find new owners. Nordic Property News has taken a closer look at Castellum’s first steps on its divestment journey.

Castellum divests in Linköping

Sweden — Castellum has signed an agreement with Vasaparken and Centria to divest three properties in Linköping at a total underlying property value of SEK 256 million.

Castellum divests nine properties to AP7 for SEK 5.6 billion

Sweden — Castellum has signed an agreement with AP7 to divest a portfolio of nine public-sector properties located in Borås, Gothenburg, Jönköping, Malmö, Mölndal and Örebro, for a total underlying property value of SEK 5.6 billion.

Pål Ahlsén: "Kista is not an easy nut to crack"

Sweden — The mantra "Back to basics" continues for Castellum, which according to CEO Pål Ahlsén will remove everything that is not relevant in the company and instead aim for cost control, reduced vacancy rates, selling what is not contributing and improving the properties that are retained. Here, Pål Ahlsén comments on, among other things, the leasing work, the vacancy problems in Kista, the share buybacks and how he views the holding in the Norwegian property giant Entra in the future.

Castellum leases 24,000 sqm in Hagastaden

Sweden — Castellum has signed a 15-year lease agreement for approximately 24,000 square metres in Infinity, in Hagastaden, Stockholm. Construction of Infinity began in autumn 2025, and the building is scheduled to be ready for occupancy by the end of 2027.

Pål Ahlsén: "Castellum will be a net seller this year"

Nordic — Castellum continues its efforts to improve profitability and is reviewing how it can act in the transaction market to achieve that goal. CEO Pål Ahlsén explains how he views the company’s market activity, which properties could be considered for sale, and how he sees the development of the transaction market.

Vacancy risk for Swedish giants as Santa Maria moves spice production plant to Estonia

Sweden — Vacancies arise as the parent company relocates spice production to Estonia.

Castellum divests seven properties

Nordic — Castellum has sold a total of seven properties, through seven different transactions, for a total underlying property value of SEK 500 million. The properties that were sold were deemed not to generate the return required for making a positive contribution to the overall financial target of a return on equity of at least 10 percent per year.

Green light for Castellum's large office project in Lund

Sweden — The heavyweight will build 25,000 square meters of office and research premises in the expansive Brunnshög district in Lund. The planned area is located directly east of the new detailed plan area that enables Saab and Axis to develop in southwest Brunnshög.

Castellum ready to increase transaction pace

Nordic — Castellum continues to increase its focus on profitability. As part of its new strategy to achieve this goal, greater emphasis will be placed on rotating the portfolio through increased transaction activity. During the presentation of the new strategy, CEO Pål Ahlsén outlined the company’s transactional plans and how the portfolio is intended to be shaped going forward.

Castellum adopts new strategy and capital distribution policy

Sweden — The board of directors of Castellum has adopted a new strategy with a clear focus on profitability and capital allocation. The goal is to achieve an annual return on equity of at least ten percent over a business cycle. At the same time, the dividend policy has been adjusted to a capital distribution policy, so that at least 25 percent of the income from property management will be distributed to shareholders, either through cash dividends or share buybacks, unless the company's financial position justifies otherwise.