The property encompasses 9,200 sq. m. and is fully let to the Swedish National Courts Administration with planned occupancy in spring 2023. The building is designed with a view to achieving ambitious environmental objectives and to obtaining certification under Miljöbyggnad level Gold, and features, for example, a rooftop solar cell installation. Particular attention has been paid to daylight availability in the premises and the building’s design in relation to the surrounding urban environment in Jönköping city center by Lake Munksjön. Closing will take place following the completion of construction.

“We are pleased to hand over a well-implemented property project with such a stable and long-term tenant as the Swedish National Courts Administration. The divestment strengthens our liquidity going forward,” says Rutger Arnhult, CEO Castellum AB.

The transaction in brief 

Properties: Götaland 9

Buyer: Vacse

Sale price: SEK 510 M

Closing date: preliminarily 1 May 2023

Rental value: approx. SEK 23 M annually

Tenants: The Swedish National Courts Administration

Lettable area: 9,200 sq. m.

Economic occupancy rate: 100%