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ARTICLES TAGGED WITH "Castellum"

Former Castellum Head Returns to Nordic Giant

Nordic — Returns to an old acquaintance after more than 20 years to focus on the trade segment. Nordic Property News tells more.

Castellum Announces Divestments of SEK 2.3 Billion

Sweden — Castellum is divesting two properties to its tenant, Axis Communications, In addition, 18 smaller properties were divested during the year. The total sale prices is SEK 2.3 billion.

Castellum Resolves New Share Issue of SEK 10 Billion

Sweden — Castellum resolves on a fully underwritten rights issue of approximately SEK 10 billion and announces terms.

Rutger Arnhult on His Return as CEO of Corem

Sweden — More than ten years after he handed over CEO responsibility to Eva Landén, Rutger Arnhult returns as CEO of Corem - with Eva Landén as deputy CEO. For Nordic Property News, the industry veteran talks about his return, how he will lead the company and how he, as by far the largest owner, views his future holdings in the company.

Castellum Will Be Net Sellers in 2023

Sweden — When the Q4 report was released, it was unclear from Castellum's side whether they would be net sellers or net buyers in 2023 – but after the Q1 report released on Wednesday, it is now clear that they will be net sellers. The Entra holding is not for sale according to the company, and CEO Joacim Sjöberg tells Nordic Property News how they see the sales potential in the rest of their extensive portfolio.

Increased NOI but Lowered Valuations for Castellum

Nordic — Castellum increased its Net Operating Income by 9.3 percent and rental income in comparable stock by 10.7 percent during Q1 – at the same time property valuations decreased by approximately SEK 6 billion.

Arnhult's Private Company Divests Big Volume in Castellum

Sweden — Rutger Arnhult's ownership company M2 Asset Management has repaid a securities loan of just under SEK 3 billion regarding shares in Castellum. After the transaction M2's ownership in Castellum amounts to approximately 1 percent of capital and votes.

Castellum's Plans for Western Sweden – under the New Regional CEO

Sweden — Last week, Castellum appointed Joacim Sjöberg as the new CEO for the company – now they have also found the successor to Mariette Hilmersson as CEO for Castellum West. The incoming CEO for Castellum West, Örjan Rystedt, tells Nordic Property News about the new role, the project development and the strategy for Western Sweden.

Akelius Increases Ownership in Castellum

Sweden — On Friday last week, Akelius bought two million shares in Castellum for approximately SEK 224 million. It is the first time since October 2022 that Akelius has increased its holding in Castellum and now the ownership amounts to 12.73 percent of the capital.

Örjan Rystedt is appointed new Regional MD for Castellum West

Sweden — Castellum’s current Project Development Manager Örjan Rystedt will succeed Mariette Hilmersson as Regional Managing Director for Region West, and will be stationed in Gothenburg. He will take office on 1 May 2023.

Castellum's Focus under the New CEO

Nordic — One of the most coveted positions in Swedish real estate has been filled as Joacim Sjöberg succeeds Rutger Arnhult as CEO of Castellum. Joacim Sjöberg tells Nordic Property News about his view of the new role, the period as acting CEO, the strength of having sat on the board of companies and how he sees Castellum's position now and for the future and which properties the company will focus on in the future.

Castellum's Aims with Sjöberg at the Helm

Sweden — After two turbulent years with several CEO changes and a major acquisition of Kungsleden, Per Berggren and Castellum are aiming for a calmer period with Joacim Sjöberg as the new permanent CEO at the helm. For Nordic Property News he explains in more detail why the choice fell on the former acting CEO, why he will be an asset during these economically challenging times and how he views the company's share price, which is currently hovering around such a low value that has not been seen since the summer of 2016. Roger Akelius also comments on the appointment of Joacim Sjöberg.

Joacim Sjöberg Is Appointed President and CEO of Castellum

Nordic — The Board of Directors has appointed Joacim Sjöberg as the President and CEO of Castellum, with immediate effect. Joacim Sjöberg will decline re-election to Castellum's Board of Directors at the Annual General Meeting to be held on 23 March.

The Costs of Castellum's Management Changes

Sweden — Castellum is currently looking for its third CEO after Henrik Saxborn's successors Biljana Pehrsson and Rutger Arnhult left the post at the beginning and end of 2022, respectively. The company has gone through a number of changes in the leading chairs in the past year and based on the annual report released earlier this week, Nordic Property News can tell you how much more the company paid out to its CEO:s and deputy CEO:s in 2022 compared to the more quiet 2021.

Louise Richnau and Ann-Louise Lökholm-Klasson Proposed as New Board Members in Castellum

Sweden — The Nomination Committee of Castellum proposes Louise Richnau and Ann-Louise Lökholm-Klasson to be elected as new members of the Board of Directors of Castellum. Per Berggren (Chair of the Board), Anna-Karin Celsing, Henrik Käll, Joacim Sjöberg and Leiv Synnes are proposed for re-election.

Why Castellum Are Currently "Schrodinger's Net Seller"

Sweden — Castellum will continue on the set path by focusing on the balance sheet and its rating in the first place, acting CEO Joacim Sjöberg confirmed when the financial statements were presented on Monday. At the same time, a kind of "Schrodinger's net seller" is adopted when it comes to the transaction side, because neither the CEO or the CFO Jens Andersson could give a clear answer to what the strategy looks like in 2023.

Castellum Intends to Carry Out a Fully Underwritten Rights Issue of Approximately SEK 10 billion

Nordic — Castellum intends to carry out a fully underwritten rights issue of approximately SEK 10 billion to strengthen its financial position. Parallell to this, Castellum also releases its year-end report for 2022 and reports a lower result from property management during the fourth quarter compared to the same period the year before. The board does not propose a dividend.

How Castellum Proceeds After the Heavy Board Losses

Sweden — Last Friday, Anna Kinberg Batra announced that she is leaving her seat on Castellum's board due to her new assignment as governor of Stockholm, and on Monday Rutger Arnhult announced that he too is leaving the board with immediate effect. Chairman of the Board Per Berggren tells Nordic Property News how he views the current situation on the board, how the vacant seats can be filled and how the hunt for a new CEO is progressing.

Former Castellum CEO Leaves the Board

Sweden — Rutger Arnhult has announced that he is leaving Castellum's board with immediate effect.

Board Member Leaves Castellum – to Be Governor of Stockholm

Sweden — Anna Kinberg Batra has announced that she is leaving her seat on Castellum's Board of Directors due to her new assignment as Governor of Stockholm.

Unexpected Interest in the CEO Position in Castellum

Sweden — Castellum has come some way in the search for a new permanent CEO, but for the moment they have chosen to appoint board member Joacim Sjöberg as acting CEO. Board chairman Per Berggren tells Nordic Property News about why a temporary solution was chosen, how the process of finding a new CEO continues and about an unexpected interest that has appeared so far during the process.

Rutger Arnhult Steps Down Immediately as Castellum CEO – Replaced by Board Member

Sweden — The Board of Directors of Castellum has appointed Joacim Sjöberg as acting CEO of Castellum AB during the ongoing recruitment process.

Castellum Sells in Borås

Sweden — Castellum sells property in central Borås.

Castellum Signs LOI for Portfolio Divestment

Sweden — Castellum divests a commercial property portfolio with 5 properties. The sales price, which is in line with the book value, amounts to approximately SEK 219 M with a market deduction for deferred tax. In addition, there are conditional agreements and letters of intent signed for a further SEK 1.8 billion.

Castellum Divests Properties in Stockholm for MSEK 962

Sweden — Castellum divest the properties Marievik 27 and Marievik 30 to AMF Fastigheter for SEK 962 million, of which SEK 80 million will be paid when the new detailed development plan becomes legally binding. Underlying property value which is in line with book value, amounts to MSEK 962 with a market deduction for deferred tax.