Sweden — Swedish real estate giant Castellum shows up strong Q1 figures.

Sweden — Castellum is stepping in as a project partner with the HSB Bostad cooperative housing association for two city blocks of Hagastaden, where Castellum will erect, own and manage all of the commercial spaces. An estimate for the relevant area is 10,000 sqm.

Sweden — Castellum has acquired the Gullbergsvass 1:2 and Gullbergsvass 1:12 office properties in central Gothenburg from SEB Trygg Liv for MSEK 867 (EUR 82M).

Sweden — Castellum is selling four retail properties as well as one office building in the Boländerna business area of Uppsala, to Svenska Handelsfastigheter. In total, the properties comprise approx. 50,000 sq.m, including the Bolandcity shopping mall. Sales price amounts to MSEK 678 (EUR 64M), after a MSEK 30 (EUR 2.8M) deduction for transaction costs and deferred taxes.

Finland — Henrik Stadigh has been recruited for a newly created position as Business Area Manager for Castellum in Helsinki. He arrives most recently from his role as Senior Vice President at the Sponda real estate company.

Sweden — The City of Stockholm is proposing a land allocation agreement to Castellum, regarding three blocks of offices and residences in Hagastaden. Total investment for the acquisition of building rights has been calculated to approx. MSEK 800 (EUR 77M). Construction is scheduled to begin in the first quarter of 2021, with occupancy in 2024, at the earliest.

Sweden — Castellum buys 100 percent of United Spaces, the leading coworking company in the Nordics, for MSEK 200 (EUR 19M).

Sweden — Linked to strong growth initiatives, Castellum has recruited a Investments Director and Vice-president with substantial experience from the real estate world. Carola Lavén arrives from her previous role as Head of NCC Property Development, where she has also participated in the Executive team.

Sweden — Castellum has completed an exchange transaction with Fastighetsaktiebolaget Lilium, wherein Castellum will acquire six properties in Linköping, and sell twenty properties in Sundsvall. The value of the transaction is SEK 5.2 billion (EUR 506M).

Sweden — Castellum increases focus on logistics and offices. With the shifting focus the company makes change at the top. Anders Nilsson, Managing Director for Region Stockholm-North, leaves the company effective immediately.

Sweden — Balder has together with institutional capital entered into an agreement with Castellum to acquire a real estate portfolio including office, warehouse and logistic properties in Stockholm and Gothenburg.

Sweden — Castellum is selling a portfolio consisting of eight properties in the Bäckby industrial area of Västerås to Stendörren. The properties comprise a total of nearly 41,500 sq.m. of office, warehousing and industrial premises. Sales price amounts to MSEK 313 (EUR 30M).

Sweden — The government has approved the Swedish Court (Domstolsverket) tenancy application and a rental agreement has been signed between the Swedish Courts and Castellum. Castellum is planning new construction of 25 000 sq.m. modern courtroom premises in the centrally situated Nyhamnen area of Malmö. The investment, calculated at SEK 1.2 billion (EUR 116M), constitutes a significant part of Castellum’s strategy towards further growth in the Öresund area, and is one of Castellum’s largest projects of all time.

Sweden — Castellum is the first Nordic real estate company to have its climate objectives approved by the Science Based Targets (SBT) initiative. Castellum’s primary goal is to reach 100 percent climate neutrality throughout company operations by 2030, thereby supporting the United Nations Framework Convention on Climate Change, as well as national ambitions for a fossil-free Sweden.