“Through this transaction, Castellum is continuing its strategic portfolio shift via the divestment of a mature stabilized portfolio, enabling it to expand in prime growth positions and develop the most modern and flexible logistics/warehouse offering in the Nordic region. The divestment once again demonstrates the value appreciation in our logistics portfolio. We now have a high turnover in our portfolio that facilitates strategic shifts and we expect a continued high level of activity during the year,” says Henrik Saxborn, CEO of Castellum.

Castellum has long been one of the Nordic region’s largest owners of warehouse/logistics properties and will continue to occupy the position as one of the Nordic leaders in the segment even after this sale. The remaining logistics/warehouse portfolio is valued at SEK 11 billion with approximately 1.2 million square metres in the development pipeline, where new, modern and flexible offerings for the logistics/warehouse segment can be built.

Just over SEK 10 billion will be invested in the development of new warehouse/logistics in next few years: Säve in Gothenburg, Brunna, 30 minutes from Stockholm, as well as locations in Southern Sweden.

“Combined, this will position us as not only the largest, but also the most flexible and modern owner of logistics properties in the Nordic region”, says Henrik Saxborn.