The shares were acquired for MSEK 555 (€60M).

The transaction means that Castellum takes over sole ownership of Corhei´s full stock of properties, comprising 13 properties in Norrköping and 9 properties in Linköping, thereby fully integrating operations earlier than initially planned.

On April 13th, 2015, Castellum AB and Heimstaden AB published news of a transaction, which entailed Castellum’s acquisition of 50% of the shares in the former Henry Ståhl Fastigheter AB (present Corhei Fastighets AB) from Heimstaden AB. At that time, an optional agreement was struck, whereby Castellum could acquire the remaining 50% of the new company earliest after 18 months, starting November 29, 2016.

Heimstaden held a counter-option to sell the remaining 50%, after Castellum’s option period expired. Castellum has today acquired the remaining stock earlier than planned when both signing and change of possession has taken place.

The transaction consists of 111,480 sqm in Norrköping, comprising 12 centrally located office buildings, and a well-located logistics property. The real estate acquired in Linköping amounts to 51,024 sqm, spread over 9 office properties, including six located in the city centre, two in the Mjärdevi area and one near the Tornby area.

“This deal provides us with a significant position in Norrköping and Linköping”, says Henrik Saxborn, Castellum CEO. “We’re here to stay, and to continue developing; one project is already on the way, and we envision several interesting possibilities”.