ARTICLES TAGGED WITH "Castellum"

Castellum Enters Finland with EUR 81M Acquisition

Finland Finland — Castellum has acquired a substantial property in central Helsinki from Skandia, thereby establishing itself as a major player in a new attractive market.

Largest Rental Income Growth in Sweden

Sweden Sweden — How was the rental income evolve for the listed Swedish real estate companies in 2017? Nordic Property News presents a list of the rental income development.

Castellum Invests in Reconstruction in Stockholm

Sweden Sweden — The Sabbatsberg 24 property, which served as Stockholm Vatten’s headquarters from the early 1900’s, was a well-known landmark in central Stockholm when acquired by Castellum in 2017. Phase one of the reconstruction is now underway.

Castellum Invests in Logistics Area in Brunna

Sweden Sweden — Castellum has begun construction of a warehouse and logistics building in Brunna, part of the Kungsängen area, just outside Stockholm.

How Castellum Won Eon's Giant Rental Contract

Sweden Sweden — 20 companies battled it out for the energy giant's favor. Linda Palac, CEO at Eon Fastigheter, tells Nordic Property News why Castellum drew the longest straw.

NCC to Build Car Showroom for Castellum

Sweden Sweden — NCC has initiated a partnering arrangement with Castellum to build a car showroom of slightly more than 25,000 square meters in Huddinge, south of Stockholm. The project is a turnkey contract and the order value is approximately EUR 29M.  

New Manager at Castellum Danmark A/S

Denmark Denmark — After approximately 2,5 years as head of DEAS A/S real estate activity Bettina Lange now returns to the investment side as Castellum Danmark A/S’ new regional manager, a position that she takes over from Thomas Wenzell Olesen who resigned at the end of March.

Castellum Buys and Sells in the Greater Gothenburg Area

Sweden Sweden — Castellum carries out an exchange deal with Wallenstam, wherein Castellum acquires two properties – including building rights zoned for office space – in Gothenburg, while selling two properties in Kallebäck and in Mölnlycke city-centre.

Klövern and Castellum Makes Major Swap

Sweden Sweden — In a deal with Castellum, Klövern acquires nine properties in Mölndal and Partille, and divests all of Klövern's 14 properties in Borås. Transfer of possession will be on April 1st 2017.

High-Profile Property Sold in Central Stockholm

Sweden Sweden — Castellum is planning to acquire Sabbatsberg 24 in Stockholm – the well-known Ferdinand Boberg building near Torsgatan, which housed Stockholm Vatten’s headquarters until last year. The acquisition rests on a final decision by the Stockholm City Council in March.

Castellum to Form New Regions

Sweden Sweden — Castellum has initiated a process to reduce the number of regions from five to four. Meanwhile, the managing director of the region North, Jörgen Lundgren, has decided to leave the company.

Castellum Sells for EUR 50M in Luleå

Sweden Sweden — Castellum has completed the sale of an office property in Luleå, Lejonet 11, of approximately 21,800 sq.m.

Castellum Sells Properties in Sundsvall and Östersund

Sweden Sweden — Castellum has completed a sale of four properties in Sundsvall and six properties in Östersund for a total of EUR 48M.

Diös Buys Portfolio from Castellum for EUR 460M

Sweden Sweden — Diös has entered into an agreement to acquire a property portfolio from Castellum for SEK 4.5 billion (EUR 460M), considered a valuation of deferred tax liabilities of SEK 0.1 billion (EUR 10M). In order to partly finance the acquisition, Diös’ Board of Directors proposes to the extraordinary general meeting to resolve on a rights issue with preferential rights for the company’s existing shareholders, and to authorise the Board of Directors to resolve on the final terms of the issue.

Castellum Sells Property in Lund

Sweden Sweden — Castellum has sold an office property of approximately 7,800 sqm in Lund.

Klövern Acquires Properties from Castellum for EUR 94M

Sweden Sweden — Klövern acquires 21 properties in Malmö and 7 properties in Lund for MSEK 910 (EUR 94M). Of these in total 28 properties, 9 are site leaseholds. The property portfolio encompasses in total 114,000 sq.m. of lettable area, whereof Malmö accounts for 88,000 sq.m. and Lund 26,000 sq.m. The seller is Castellum.

Castellum Invests in Stockholm

Sweden Sweden — Castellum has started two new constructions in Smista area in Huddinge, Stockholm, where the total investment is calculated to MSEK 222 (€23M).

Castellum Gains Access to Norrporten

Sweden Sweden — Castellum gains access to Norrporten and resolves on issue in kind and transfer of repurchased shares. “Together we create an even stronger real estate company with larger presence in important growth markets in Sweden and Copenhagen,” says Henrik Saxborn, Castellum CEO.

The Largest Deal in the Nordics Since 2008

Sweden Sweden — Castellum acquires Norrporten in the largest property deal in the Nordics since 2008. Norrporten´s underlying property value is SEK 26 billion (€ 2,8 M).

Castellum Acquires Remaining Assets of Former Ståhls

Sweden Sweden — Castellum has acquired the remaining 50% of CORHEI Fastighets AB (previously Henry Ståhl Fastigheter AB), through Fastighets AB Corallen, a wholly-owned subsidiary. Underlying real estate values amount to MSEK 2,083 (€225M).

Castellum Wants to Buy Norrporten

Sweden Sweden — On 7 March, Nasdaq Stockholm halted the trading in the Castellum share, since Reuters had written about the company´s interest of acquiring Norrporten. Castellum has then confirmed that it is currently evaluating the possibilities of acquiring Norrporten’s property portfolio, worth SEK 25 billion (€2.7 billion).

Castellum Divests to Fastpartner in Stockholm

Sweden Sweden — Castellum reallocate the portfolio in Stockholm and sells, through its wholly owned subsidiary Brostaden, eleven properties to Fastpartner for MSEK 822 (€ 89M).

Castellum Invests in Reconstruction in Gothenburg

Sweden Sweden — Castellum has, through its wholly owned subsidiary Eklandia Fastighets AB, started a reconstruction of the property Majorna 163:1 in Gothenburg. The investment is calculated to MSEK 108 (€ 11.5 M), including own land for MSEK 20 (€ 2M).

Corallen acquires in Jönköping

Sweden Sweden — Corallen acquires the office property Vakten 11 from Gärahov Holding AB.

Castellum’s sustainability performance stands out internationally

Sweden Sweden — Yesterday, Castellum – one of the largest listed real estate companies in Sweden – was awarded the World Green Building Council’s top distinction, Business Leadership in Sustainability, at a ceremony in Verona, Italy.