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ARTICLES TAGGED WITH "Joacim Sjöberg"

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.

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 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.

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."

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.

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).

Castellum divests properties in four cities

Sweden — Castellum has divested eight properties as part of four transactions in the areas of Haninge, Linköping, Malmö and Uddevalla. The sales prices totalled approximately SEK 430 million (EUR 39.2 million) less overheads and deferred tax of a total of SEK 25 million (EUR 2.27 million).

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.

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.

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.

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.

JLL's New Team Ready to Make Push for Larger Market Shares

Nordic — With Tor Borg and Joacim Sjöberg in place, Daniel Gorosch's team construction at JLL is ready to grab even larger market shares. The company's CEO tells Nordic Property News how JLL will grow.

Hemfosa Employs Joacim Sjöberg as Executive Vice President

Sweden — Hemfosa Fastigheter has appointed Joacim Sjöberg Executive Vice President of Hemfosa Fastigheter AB. This appointment is an additional step in the company's efforts to strengthen its Executive Management Team and ensure long-term, controlled succession planning following the departure of Jens Engwall, who plans to step down from his operational role prior to the end of 2017.