Castellum AB (publ) has through the wholly owned subsidiary Eklandia Fastighets AB acquired 4,000 sq.m. land in the Lindholmen area, Gothenburg. The land is well situated according to future infrastructure projects and is located near Eklandia's existing properties.
A new office building will be constructed on the land comprising 8,880 sq.m. The new construction will start at the end June 2013 and is estimated to be completed at the year-end 2014/2015. The investment, including acquisition of land is calculated to SEKm 219. The new building will be constructed according to Green Building Standard.
"We are pleased to start another central urban construction project - this time fully leased" comments Henrik Saxborn, CEO of Castellum AB.
For further information, please contact
Henrik Saxborn, CEO, phone +46 31 60 74 50
Ulrika Danielsson, Finance Director, mobile +46 706-47 12 61
www.castellum.se
Castellum is one of the major listed real estate companies in Sweden. The fair value of the real estate portfolio amounts to SEK 37 billion, and comprises premises for office, retail, warehouse and industrial purposes with a total lettable area of 3.6 million sq.m. The real estate portfolio is owned and managed by six wholly owned subsidiaries with strong local roots in five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm, Mälardalen and Eastern Götaland.
Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.
Castellum AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Castellum AB (publ) via Thomson Reuters ONE
