Castellum Sells to Stendörren

Sweden — Castellum is selling a portfolio consisting of eight properties in the Bäckby industrial area of Västerås to Stendörren. The properties comprise a total of nearly 41,500 sq.m. of office, warehousing and industrial premises. Sales price amounts to MSEK 313 (EUR 30M), after deduction of expenses and deferred tax of MSEK 20 (EUR 2M).

2018-10-19

Castellum has sold eight properties in Västerås. The transaction includes nearly 41,500 sqm. Closing of the transaction is November 30, 2018.

“This transaction has taken place in line with Castellum’s planned portfolio mobility, with the intention of continuously developing our property mix as well as further refinement of the Västerås portfolio”, says Per Gawelin, Managing Director of Central Region, at Castellum.

At closing the vacancy rate will be 90 percent and the rental income amounts to MSEK 35 (EUR 34M).

Sales price is on a level with the latest asset valuation.

Axel Ohlsson

[email protected]