The selling price amounted to EUR 50M which exceeded the latest valuation by EUR 2.9M and the acquisition price in the Norrporten transaction last spring by 27 per cent.
 
The purchaser is state-owned Specialfastigheter and the change of possession took place on December 15.
 
Major tenants include the Courts of Sweden, the Swedish Police and the Swedish Enforcement Authority. The economic occupancy rate is over 99 per cent and the average contract length is approximately 18 years.
 
The sale means that Castellum is leaving Luleå.
 
Following publication of the Norrporten acquisition – Sweden’s second-largest real estate deal – in April of this year, Castellum announced that divestments totalling at least EUR 411 M would be made, as part of transaction financing. Castellum is now in position to announce a property-sales volume which is even higher: Including today’s property divestment in Luleå, the company has now sold properties worth a total EUR 699M since the spring.

 “I’m pleased that we’ve managed to carry out the divestments we announced when we bought Norrporten. Our ambition level is unchanged: to invest a net 5 per cent of the net worth of our property portfolio every year,” says Henrik Saxborn, CEO at Castellum.