“Even after this sale, Castellum is a major player in Smista with several strategically located properties along the E4 motorway south of Stockholm. This transaction creates turnover in the portfolio and provides us with an opportunity to make other investments that will provide good yields,” says Sven Stork, Managing Director of Region Stockholm, Castellum AB.

The Visiret 2 property comprises three buildings, where DinBil, retailer of brands including Porsche and Audi, is the largest tenant.

“It is gratifying to now see increased activity in the transaction market compared with this past autumn. The sale will now allow us to invest further in our existing properties. The sale price has confirmed our carrying amounts,” says Kristina Sawjani, Chief Investment Officer at Castellum AB.

The transaction in brief

Properties: Visiret 2

Closing date: 18 April 2024

Average contract duration: 5 years

Rental value: SEK 25 million

Total leasable area: 7,919 sqm (excluding a parking garage of approximately 12,000 sqm)

Average occupancy rate: 100 percent