The acquisition comprises two office buildings: Kol 13 at Kopparbergsvägen 25 and Kungsängen 14 at the Pilgatan 4 address, with a total leasable area of approx. 7,551 sq.m. The acquisition price will come to MSEK 217, after deduction for deferred tax of MSEK 11. The transaction includes unutilized building rights valued at MSEK 5, which can enable new office-space construction covering approx. 2,500 sq.m. in one of the most centrally situated locations in Västerås.
"Västerås is an attractive city with a thriving economy and robust commerce, where we see great potential. We are furthering our stated strategy to strengthen our position as property manager of centrally situated commercial properties in growth areas. This acquisition represents one part of these efforts. It feels both important and fun to create further possibilities in helping to develop the Västerås city core," says Henrik Saxborn, CEO at Castellum.
Summary of the transaction: Castellum acquires the Kol 13 and Kungsängen 14 properties in Västerås
Seller: Imperia Fastigheter AB
Acquisition price: MSEK 217
Occupancy date: December 18, 2019 for Kol 13 and January 9, 2020 for Kungsängen 14
Average contract length: 3.3 years
Leasing value: approx. MSEK 15 for 2020
Major tenants: Thoréngruppen AB
Leasable area and leasing rate respectively: approx. 7,551 sq.m., economic leasing rate: 99%