ARTICLES TAGGED WITH "Castellum"

Castellum's Aims with Sjöberg at the Helm

Sweden 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 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 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 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 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 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 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 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 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 Sweden — Castellum sells property in central Borås.

Castellum Signs LOI for Portfolio Divestment

Sweden 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 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.

Castellum Divests New Production in Jönköping

Sweden Sweden — Castellum is divesting a soon-to-be-completed property with the Swedish National Courts Administration as the sole tenant. The building will house the Göta Court of Appeal and the Administrative Court of Appeal in Jönköping. The underlying property value witch is in line with book to value, amounts to SEK 510 M with a market-based deduction for deferred taxes.

Castellum's Chairman on Arnhult's Departure: "Had No Such Signals"

Sweden Sweden — Castellum's board was surprised when Rutger Arnhult informed them that he was stepping down as CEO. Chairman Per Berggren tells Nordic Property News how they want to replace him and how they view the fact that the major company has now lost two CEOs within the space of a year.

Rutger Arnhult Resigns as Castellum CEO

Sweden Sweden — Rutger Arnhult has informed the Board of Directors of Castellum that he has decided to leave his position as CEO of the company. The Board is now initiating a process to appoint a new CEO.

Blackstone Acquires Swedish Portfolio from Corem for SEK 5.35 Billion

Sweden Sweden — Today, Corem Property Group signed an agreement to divest a portfolio of 47 properties from a subsidiary to an entity owned by funds advised by an affiliate of The Blackstone Group International Partners LLP.

Roger Akelius on Arnhult's Resignation and What Qualities He Wants in a Successor

Nordic — Major news in Nordic Giant Castellum as Rutger Arnhult is stepping down as CEO. Roger Akelius, founder of Castellum's largest owner Akelius, tells Nordic Property News about his reaction to Arnhult's announcement, what qualities he would like to see in the next CEO and about the possibilities of Akelius continuing to increase its ownership in Castellum.

Rutger Arnhult Continues to Sell Castellum Shares – Akelius Not the Buyer

Sweden Sweden — After having sold 40 million shares in Castellum in October, corresponding to 12.2 percent of the company, for SEK 4.6 billion to Akelius, Rutger Arnhult now continues to sell Castellum shares via M2 Asset Management. This time he is selling 2.3 million shares, corresponding to approximately 0.7 percent of the company, for SEK 303 million. The buyer this time, however, was not Akelius, Roger Akelius tells DI.

The Next Step for Castellum's Major Gothenburg Project

Sweden Sweden — The detailed plan for Castellum's extensive investment at the old Säve airport, Gateway Säve, will now go out for consultation. The plans for the old airport include a mixed business area with, for example, airport, industry, logistics, offices and aviation museum with a total of 700,000 square meters of premises.

Castellum's CFO Steps Down

Sweden Sweden — Maria Strandberg has announced that she has decided to step down from her role as CFO at Castellum for new opportunities.

The Board of Directors of Castellum Proposes That Dividends Are Paused

Sweden Sweden — Recently, Roger Akelius, the founder of Castellum's largest owner Akelius, called for Castellum to cancel dividends. Now, the Board does just that. The Board of Directors of Castellum observes that the bond market is still closed with no signs of recovery in the near future. In order to safeguard the company's credit rating, the Board of Directors has resolved to adopt a stricter financial policy and a savings program with a reduced investment scope for 2023 in order to strengthen the company's balance sheet. Furthermore, the Board of Directors will not propose that the upcoming Annual General Meeting resolves to pay any dividends.

Castellum to Create New Police Station in Gothenburg

Sweden Sweden — The construction of Hisingen’s new police station on Exportgatan has now begun. Castellum is creating purpose-built premises on the site where the old printing office for the Swedish daily Göteborgs-Posten once stood.

Roger Akelius Critical of Castellum: "Needs to Stop Dividends"

Sweden Sweden — Akelius recently became the largest owner in Castellum when it bought 12.2 percent of the shares from the former largest owner and current CEO Rutger Arnhult. In an interview with Göteborgs-Posten, Akelius' founder, Roger Akelius, sharply criticizes both Arnhult and Castellum and believes that the company must scrap its dividends to shareholders.