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ARTICLES TAGGED WITH "Castellum"

Castellum's CEO on the Kielo Acquisition

Finland — Castellum makes a massive investment in Finland with the acquisition of Kielo from Brunswick and Blackstone. CEO Henrik Saxborn tells Nordic Property News about the acquisition and the repositioning towards offices.

Castellum Acquires Kielo for Approximately EUR 640M

Finland — Castellum acquires the real estate company Kielo, part-owned and managed by Brunswick Real Estate, for approximately EUR 640 million.

Castellum Acquires Office Property from NCC

Sweden — Castellum establishes itself in expansive Järva Krog in Solna. This is done through a company acquisition of NCC Property Fyrtioett AB and its modern newly built office property K11. The acquisition amounts to just over SEK 1 billion.

Castellum Forms JV for New Logistics Hub

Sweden — Castellum has signed a letter of intent with the Port of Gothenburg to jointly develop the Halvorsäng area into a leading Nordic logistics hub. The collaboration will be conducted in a partner company where Castellum and the port own equal parts. Castellum invests approximately SEK 1 billion in the project.

With Two Swedish Main Owners: Here Are Entra’s Future Targets

Norway — Entra’s CEO Sonja Horn on the closing of the major acquisition in Oslo, investment targets going forward, and the close dialogue with the Swedish main owner and whether that is affecting the business strategy.

Castellum Acquires SBB's Entra Stake for NOK 3.14 billion: "Interesting Opportunity"

Norway — After the unsuccessful bidding war last winter, Castellum continues to take a new step in Entra and buys SBB's share in the company for NOK 3.14 billion. CEO Henrik Saxborn tells Nordic Property News about the deal and gives his view on Entra's status.

Castellum's CFO Resigns

Sweden — Ulrika Danielsson has informed the company that she has decided to leave her position as CFO of Castellum. She has been employed by the company since 1998, finance director since 2006 and CFO since 2014.

The Development of the Stockholm Rental Levels

Sweden — The development of the rental levels in Stockholm continues to be a question of great interest. Henrik Saxborn, CEO of Castellum, gives his view of the rental situation in the Swedish capital.

Genesta Acquires Property from Castellum in Copenhagen

Denmark — Castellum has entered into an agreement with Genesta to sell the Sundby Overdrev property at the address Kay Fiskers Plads 9-11 in Copenhagen. The purchase price of 778 MDKK is in line with the latest valuation in Q4 2020.

Henrik Saxborn Steps Down as Castellum CEO

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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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 — 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.