“These are solid transactions for both us and the buyers. We are following our strategy by completing divestments that increase the geographic concentration of the portfolio and that strengthen our financial position in a capital market that remains tentative. Meanwhile, we are pleased to be able to hand over well-managed properties to the buyers,” says Joacim Sjöberg, CEO of Castellum.

The properties have a total lettable area of 29,820 square metres and an occupancy rate of 92 per cent. The annual rental value totals SEK 49 M with an average duration of 3.2 years. Three of the properties are located in Uddevalla, two in Malmö, two in Linköping and one in Haninge.

“Castellum is maintaining an active presence in the transaction market and the sales prices for these properties were in line with their carrying amounts,” says Kristina Sawjani, Chief Investment Officer at Castellum.

Castellum no longer owns any properties in Uddevalla following the sale.

Properties sold:

Haninge

Properties: Täckeråker 2:273

Closing date: 3 July 2023

Total lettable area: 5,966 sqm

Linköping

Properties: Idéflödet 1 and Idémannen 1

Closing date: 1 September 2023

Total lettable area: 9,636 sqm

Malmö

Properties: Flygledaren 1 and Flygstolen 1

Closing date: 1 September 2023

Total lettable area: 2,364 sqm

Uddevalla

Properties: Thorild 12, Barken 6 and Varvet 3

Closing date: 2 October 2023

Total lettable area: 11,854 sqm