...and Sells Commercial Properties in Uppsala

Svenska Handelsfastigheter acquires in Boländerna, Uppsala, from Castellum.

Image: Castellum

...and Sells Commercial Properties in Uppsala

Sweden — Castellum is selling four retail properties as well as one office building in the Boländerna business area of Uppsala, to Svenska Handelsfastigheter. In total, the properties comprise approx. 50,000 sq.m, including the Bolandcity shopping mall. Sales price amounts to MSEK 678 (EUR 64M), after a MSEK 30 (EUR 2.8M) deduction for transaction costs and deferred taxes.

2019-02-22

"We continue our strategy of selling properties in retail areas in favour of a fully targeted offices and logistics portfolio in Nordic high-growth areas”, says Henrik Saxborn, Castellum CEO.

Vacancy of the properties is planned for April 1. Fully leased, rental value amounts to approx. SEKm 70 with an economic leasing rate of 95%.

Summary of the transaction
Castellum sells the following properties: Boländerna 28:3; Boländerna 28:4 (divided into 2 properties); Boländerna 35:1 and Boländerna 35:2 – to Svenska Handelsfastigheter AB.
Net sales price: MSEK 678 (EUR 64M)
Vacancy date: April 1, 2019
Average (weighted) contract length: 3.7 years
Leasing value: SEKm 70
Leasable area and economic leasing rate: 49,795 sq.m; with an economic leasing rate of 95%
Major tenants: Citygross, Decathlon, Systembolaget, H&M, Lindex, Swedol, Granngården