The underlying property value amounts to approx. EUR 85M.

The transaction is being prepared for approval at the Stockholm City Council meeting on March 20, 2017. This means that change of possession can come into effect in the last half of April, when the council decision becomes valid.
 
Castellum owns other properties in the vicinity and plans to participate in the development of Torsgatan, in cooperation with the city of Stockholm. The building was completed in 1906 and possesses unique historical features which will be preserved and enhanced. The exterior was designed by the legendary architect Ferdinand Boberg,who is also the man behind several other renowned buildings, for example the Rosenbad building, which houses the Swedish Government Offices and the NK department store building in Stockholm.
 
“This is a fantastic location. We look forward to developing the existing building and contributing fine new commercial spaces to the centre of Stockholm”, says Henrik Saxborn, CEO at Castellum.