Castellum is one of Sweden’s largest real estate companies, holding properties valued at SEK 39 billion. (€4,200M).

Heimstaden owns properties, valued at SEK 10 billion (€1.1 billion) around Sweden. The company is owned by Norwegian Ivar Tollefsen.

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, Castellum´s subsidiary Aspholmen has acquired four office properties totalling 22,611 sqm, with an occupancy rate of 92%. The investment amounted to MSEK 343 (€37M) and the change of possession will take place in early May 2015.

In Solna, Castellum´s subsidiary Brostaden has acquired an office property/project property of 5,364 sqm with an occupancy rate of 17%.The investment amounted to MSEK 63 (€7M) 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 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 (€204M). “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, says Henrik Saxborn, CEO of Castellum.

“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."

“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.