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ARTICLES TAGGED WITH "Castellum"

Louise Richnau proposed as new Chairman of the Board of Castellum

Sweden — The Nomination Committee proposes that the current member and Vice Chairman of the Board, Louise Richnau, is elected Chairman at Castellum's Annual General Meeting 2025. Per Berggren, current Chairman of the Board of Castellum Aktiebolag, has informed the Nomination Committee that he declines re-election at Castellum's Annual General Meeting to be held on 7 May 2025.

Castellum recruits from Colliers

Sweden — Castellum makes a renowned recruitment when Martin Lindgren joins as Head of Leasing Stockholm. Lindgren tells Nordic Property News what attracted him about Castellum, taking the step back to the ownership side, how he views the portfolio he will be working with and about the keys needed in the rental market in 2025.

Areim continues to grow its light industrial portfolio with acquisition from Castellum

Sweden — Areim has acquired four light industrial properties in Sollentuna Municipality, north of Stockholm, with approximately 20,000 sqm of lettable area from Castellum. The properties are located in the Edsberg industrial area. With this acquisition, Areim increases its light industrial portfolio in Greater Stockholm to roughly 125,000 sqm.

The foreign investors' misjudgments of the Swedish market: "It's laughable"

Sweden — The highly debated Swedish transaction market has been healthy all the way through the last years – despite the slowdown – and foreign buyers have misjudged the whole situation. This is the opinion of the renowned panel – consisting of Stefan Dahlbo, Anneli Jansson, Sven-Olof Johansson, Joacim Sjöberg and Theodor Jarnhammar – who discussed the issue during the event Stora Kontorsdagen and who see signs of increased activity in the future.

"It will be the landmark for the entire area"

Sweden — Castellum has completed one of the year's largest lettings in Stockholm by signing an agreement with broadcasting company TV4 for 15,000 square meters in Norra Djurgårdsstaden. Sven Stork, CEO of Region Stockholm at Castellum, tells Nordic Property News about the importance of getting such a well-known tenant to the new development area, how he experiences the interest in Norra Djurgårdsstaden and how important a tenant TV4 will be for Castellum in Stockholm.

Castellum to create new studio for TV4 – signs 15,000 sqm lease

Sweden — Castellum has signed a 15-year lease with television channel TV4 for approximately 15,000 square metres in Stockholm’s port district. The Rotterdam 1 property will be adapted to match high ambitions in digital broadcasting technology and to be an open, lively meeting place for modern television production, employees and guests.

Castellum wants to become a bigger investor

Sweden — During Friday, Castellum presented its report for the third quarter of 2024. CEO Joacim Sjöberg talked, among other things, about how the summer's optimism faded a little during the fall and about how the company should move forward when becoming a net investor in 2025.

Castellum sells in Stockholm

Sweden — Castellum is selling four properties in the Smista district of southern Stockholm to Altira AB. The total sale price is approximately SEK 280 million (EUR 26 million), before deductions for overheads and deferred tax totalling approximately SEK 10 million (EUR 0.9 million). The sale price is in line with the carrying amount.

Castellum signs new leases for 10,000 sqm in Brunna

Sweden — Castellum has signed two new leases in Brunna for a total of 10,059 square metres, of which 6,610 square metres were previously vacant premises. As a result of these leases, Castellum’s properties in the logistics park are 96 percent leased.

Flexfast buys from Castellum

Sweden — Flexfast has agreed to acquire the property Päronet 1 in Sundbyberg and the land right Forellen 1 in Solna. The seller is Castellum through subsidiaries.

Areim buys light industrial portfolio from Castellum

Sweden — Areim has acquired eight light industrial properties in Västerås in Sweden with approximately 17,000 sqm of lettable area from Castellum. The properties are located in the Hälla and Hacksta industrial areas. With this acquisition, Areim establishes itself in Västerås, Sweden's sixth largest city, within the light industrial sector and expands outside the metropolitan regions.

"Castellum will never finish selling"

Nordic — On Tuesday, it was time for Castellum, led by CEO Joacim Sjöberg, to report how the company performed during the first half of the year. They are not done with sales, but it's time to open the wallet. Not least when the rentals need a lift.

Castellum signs new leases in central Stockholm

Sweden — Three new companies lett space in Castellum's building on Torsgatan in central Stockholm.

Joacim Sjöberg: "We sell because we want to – not because we have to"

Sweden — When Castellum's CEO, Joacim Sjöberg, presents this year's first quarterly report for the company, he can state with satisfaction that Castellum delivers an increased management result compared to the same period last year. He also says that the company may well consider starting to buy again. "There are, of course, strategic areas in which we want to grow."

Castellum sells properties for EUR 85 million

Sweden — Castellum is selling ten properties for SEK 934 million (EUR 85 million) less deferred tax and overheads totalling approximately SEK 25 million (EUR 2.3 million). The sale price confirms the carrying amount.

Castellum to sell car dealerships in Stockholm to Nordisk Renting

Sweden — Castellum is selling the Visiret 2 property in the Smista district, in southern Stockholm, to Nordisk Renting. The total sale price is SEK 347 million (EUR 31.6 million) less overheads and deferred tax totalling approximately SEK 13 million (EUR 1.2 million). The sale price confirms the carrying amount.

Castellum signs new lease in central Gothenburg

Sweden — Castellum has signed a lease with the cyber security company Omegapoint for 1,255 square meters, at Östra hamngatan 16, in central Gothenburg. Access is planned for December 2024.

Sees increased vacancy rate in 2024: "Had a ketchup effect with redundancies"

Sweden — Castellum experienced a volatile net rental during 2023 which landed at minus 67 million, the majority of which is attributed to Q4 when there were several major relocations. Bankruptcies are also increasing in Castellum's portfolio, and CEO Joacim Sjöberg does not think it is unlikely that the vacancy rate for the company will further increase in 2024.

Castellum yearns for the European bond market

Sweden — Castellum continues to feel strong, the company announces during its Q3 presentation – not least because despite the CPI indexing of rents, it has not yet given the tenants hiccups. But one thing that has become clear over the past year is that there are different groups of property companies on the bond market – there are winners and losers.

Global giant increases significantly in Castellum

Sweden — Global giant increases Castellum holding by 65,7 percent – rises in the list of owners.

The heavyweights' different views on Entra holdings – Balder sees no need for a write-down

Nordic — Entra's two largest owners, Castellum and Balder, both submitted their Q3 reports on Friday, and there it appeared that they have different views on their holdings in the Norwegian real estate company. Castellum has chosen to make a write-down of close to SEK 0.5 billion, while Balder has chosen to leave the value unchanged. Balder’s CEO Erik Selin comments on Balder's view of the Entra holding and shares his view of the bond market.

Entra struggling on the stock market – cancels dividend for H1

Norway — Norway's largest real estate company Entra is owned by almost three quarters of Balder and Castellum, an investment that has dropped in value since they started investing in the company almost three years ago. The share is now down to levels for which it was last traded in January 2017. Wednesday's Q3 report did not have any significant impact in any direction, but the company's CEO Sonja Horn emphasizes that the company still focuses on strengthening the balance sheet and continues with its divestment program, but they will not sell properties at any discounts.

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).

They could join Doxa – the arenas proposed to be dedicated for Eurovision

Sweden — Malmö Arena will host the heats and the final of next year's Eurovision Song Contest held in Malmö. But more premises are needed for such a huge event to be carried out, and the city office will therefore be tasked with negotiating venue agreements for the two other main arenas for the event. Nordic Property News gives you more details about the proposed arenas and the property owners.

Castellum creates Hitachi Energy's new Swedish HQ

Sweden — Castellum and Hitachi Energy have signed a LOI to build Hitachi Energy's new Swedish headquarters of up to 25,000 square meters on Finnslätten in Västerås.