Henrik Saxborn Steps Down as Castellum CEO

Sweden Sweden — Henrik Saxborn has informed the Board of Castellum that he will leave his position as CEO in 2021. Henrik Saxborn was appointed as CEO in 2013 and before that he was Deputy CEO of Castellum since 2006.

After Saxborn’s Resignation: How the Castellum Board Moves Forward

Sweden Sweden — The main owner and Chairman of Castellum, Rutger Arnhult, on CEO Henrik Saxborn leaving Castellum: “The decision is entirely Henrik's and has only to do with what he wants to do in the future.”

After the Battle – Rutger Arnhult New Chairman of Castellum

Sweden Sweden — Castellum's largest owner Rutger Arnhult has been elected new chairman of Castellum after a being publicly opposed by parts of the nomination committee. He tells Nordic Property News about his ambitions for Castellum, the critique from his opponents, his view on Castellum's position in Entra.

Castellum Acquires Development Rights in Malmö

Sweden Sweden — Castellum steps up its strategic investment in warehousing and logistics in selected premium locations. Following a SEK 50 million acquisition, the company now owns over 42,000 sq.m of attractive land on Malmö's outer ring road.

Castellum Invests in New Logistics Building in Stockholm

Sweden Sweden — Castellum increases its strategic position in warehouse and logistics buildings in selected premium locations. Construction of a third property in Brunna, Stockholm, has commenced.

Arnhult’s New Move in Castellum

Sweden Sweden — The battle for the Castellum chairmanship has been a hot topic in Swedish real estate. With just two weeks left until the Annual General Meeting Rutger Arnhult, the largest owner and proposed chairman, makes a new big move in the company.

The Battle for Entra – From Start to Finish

Nordic — Not since Erling Braut Haaland was set to leave Red Bull Salzburg for a bigger European club has the interest been as high for a Norwegian player. A bidding war for the Entra shares broke out between Castellum and SBB – with Balder taking a corner position. After months of twists and turns both the Swedish giants withdrew their offers. Nordic Property News sets the timeline for the battle.

SBB Leaves Entra Bid – Castellum Increases Its Holding

Norway Norway — Castellum has acquired 2,298,504 shares in Entra. The other bidder, SBB, throws in the towel.

Castellum Divests Further Properties to Blackstone for SEK 4.8 Billion

Sweden Sweden — Castellum has entered into an agreement with real estate funds managed by Blackstone to divest a further 53 properties for net proceeds of SEK 4.8 billion after deductions for deferred tax and overheads of SEK 0.2 billion. The agreed property value involves a premium of 27 percent against the Q3 2020 valuation and 15 percent against the Q4 2020 valuation. Hand-over will take place on 3 May. The assets will be incorporated into Blackstone’s pan-European last mile logistics platform, Mileway.

Castellum's CEO on the Withdrawn Entra Offer

Norway Norway — Henrik Saxborn on what happens now with the Entra holdings, and the next step in the giant Blackstone deal.

Castellum Withdraws Voluntary Entra Offer

Norway Norway — Castellum has not received sufficient acceptances of the offer in order for the minimum acceptance threshold pursuant to the Offer Document Section 4.12 to be met.

“They Need to Pay Much More to Get Entra”

Norway Norway — The battle for Entra keeps going with both Castellum and SBB keen on acquiring the Norwegian jewel. But so far the bids have been rejected. Bård Bjølgerud, partner and CEO of Pangea Property Partners, explains why he is not surprised by the rejections and gives his view of why Entra is such an attractive company.

The Battle for the Castellum Chairmanship

Sweden Sweden — Tensions are rising within the Castellum board over the position as chairman. Three members – Anna-Karin Hatt, Christer Jacobson and Nina Linander – will leave the board if Rutger Arnhult gets elected chairman. At the same time Per Berggren has been suggested as a possible new chairman. Christer Jacobson and Per Berggren gives Nordic Property News their view of the situation surrounding the charirmanship.

Another Candidate Up for the Chairman Position in Castellum

Sweden Sweden — Castellum has received a proposal regarding the composition of the Board of Directors from Stichting Pensioenfonds ABP, the second largest shareholder in Castellum, and two members of the Election Committee, Vincent Fokke, representing Stichting Pensioenfonds ABP, and Charlotte Strömberg, Chair of the Board of Castellum.

”There Is No Drama in the Nordic Office Markets”

Nordic — Despite the pandemic Castellum show strong figures for 2020. Going into the new year CEO Henrik Saxborn explains why he does not see drama in the Nordic office markets and what companies will be the winners on the office markets going forward.

The Swedish Competition Authority Approves Blackstone’s Acquisition from Castellum

Sweden Sweden — Castellum notes that the Swedish Competition Authority has granted regulatory competition approval for Blackstone’s acquisition of a portfolio of 214 income-producing warehouse and logistics assets from Castellum for SEK 18.1 billion.

Castellum Makes Four Acquisitions of Logistics

Sweden Sweden — In a short period of time Castellum Region Öresund has completed a series of acquisitions in Malmö and Helsingborg, at a total acquisition price of approximately SEK 190 million.

Arnhult on Taking Up the Chairman Position at Castellum

Sweden Sweden — Klövern's CEO Rutger Arnhult on the divided support from the nomination committee of Castellum, what his main tasks as Chairman will be, and the search for his successor at Klövern.

Rutger Arnhult Steps Down as Klövern CEO – to Be Chairman of Castellum

Sweden Sweden — Today, Rutger Arnhult has informed Klövern’s board of directors that he will leave his position as CEO. This is a consequence of him being positive to the proposal of Castellum’s Nomination Committee that he is appointed Chairman of the company at the upcoming annual general meeting.

Castellum Doesn't Give Up on Entra: ”Together We Can Create Something Amazing”

Norway Norway — Castellum's CEO Henrik Saxborn on the revised offer to acquire the majority of the shares in the Norwegian heavyweight Entra, and the recent blockbuster divestment to the Blackstone subsidiary.

Castellum Increases Entra Offer – and Announces Major Sale to Blackstone

Sweden Sweden — On November 26, 2020, Castellum announced the intention to launch a share exchange and cash offer to eligible Entra's shareholders. Castellum now increases the consideration in the offer by 13.9% by offering each eligible Entra shareholder 8 newly issued Castellum shares for every 13 shares in Entra and NOK 54.39 in cash per share in Entra, representing a total value of NOK 1852 per Entra share excluding synergies.

Entra's Board Recommends Shareholders Not to Accept Castellum's Offer

Norway Norway — Entra's board recommends that the company's shareholders not accept Castellum's offer for the company. However, the board is open to discussing a different approach to a deal, with Castellum or another player.

Intea Acquires Properties in Halmstad University Area

Sweden Sweden — Castellum is selling properties in the university area in Halmstad. The buyer is Intea Fastigheter, which thereby increases its portfolio in the area. The total lettable area is 36,376 square meters and the sales price amounts to SEK 714 million.

Castellum Buys Classic Office Building in Helsinki

Finland Finland — Castellum has today acquired a historic office building in Helsinki, located in one of the city's most dynamic developing areas. The acquisition price amounts to EUR 23,7 million including expenses of approximately EUR 0,7 million.

Timeline: The Battle of the Norwegian Giant

Norway Norway — SBB, Castellum or status quo? Difficult to follow the different turns in the Entra affair? Nordic Property News has pointed out some key dates during the last couple of weeks, when the Swedish property giants have fighted for a major impact in Norway’s largest listed company, Entra.