Castellum is one of Sweden’s largest real property companies with a total property value of SEK 42 billion (€4.5 billion). One of Castellum’s characteristics is the goal to develop its property portfolio by yearly net investments of 5% of the property value. There are many business opportunities for Castellum and the company therefore evaluates potential acquisitions and divestments of properties in order to develop its property portfolio on a continuous basis.
Such a business opportunity is an acquisition of Norrporten’s property portfolio, which the company, therefore, is also currently evaluating. At present, there is, however, no additional information to announce, but the company intends to inform the market if the on-going evaluation results in the company carrying out an acquisition.
Castellum has engaged Carnegie Investment Bank in connection with the evaluation.
Castellum Wants to Buy Norrporten
Sweden —
On 7 March, Nasdaq Stockholm halted the trading in the Castellum share, since Reuters had written about the company´s interest of acquiring Norrporten.<br />
Castellum has then confirmed that it is currently evaluating the possibilities of acquiring Norrporten’s property portfolio, worth SEK 25 billion (€2.7 billion).
2016-03-09
Nicklas Tollesson
[email protected]