Castellum sells properties for approximately EUR 78 million

Kristina Sawjani and Joacim Sjöberg.

Image: Christoffer Edling and Jesper Orrbeck Photography

Castellum sells properties for approximately EUR 78 million

Sweden — Castellum is selling five properties for a total of approximately SEK 900 million (EUR 77.8 million), in line with the carrying amounts. The properties comprise a portfolio of four retail properties in Nyköping, Jönköping and Linköping that are being sold for approximately SEK 600 milllion (EUR 51.7 million). In addition, an industrial property in Västerås is being divested for approximately SEK 300 million (EUR 25.9 million).

2023-10-05

“We previously announced that we are streamlining our geographic presence and reducing our exposure to the retail segment. We are now delivering on our strategy while strengthening Castellum’s financial position. Going forward, we want to grow in our strongest markets,” says Joacim Sjöberg, CEO of Castellum.

The properties, which are being divested to Trophi, are Gumsbacken 12 and 15 in Nyköping, Varuhuset 1 in Jönköping and Jägmästaren 1 in Linköping. The largest tenant in the properties is the Citygross grocery chain. Gumsbacken 15 is an undeveloped building right.

Effekten 4, in the Finslätten district of Västerås, is being sold to Nordisk Renting and its sole tenant is ABB.

“The transaction market remains active in Castellum’s segment, but closing is taking longer. The sale prices have confirmed our carrying amounts,” says Kristina Sawjani, Chief Investment Officer at Castellum.

Axel Ohlsson

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