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Castellum AB Updates on New Projects and Property Acquisitions Made through Subsidiaries


Wednesday, 12 Jun 2013 05:19am EDT 

Castellum AB announced that the Company has through its wholly owned subsidiary Fastighets AB Corallen started a new construction which is the last phase in the central area Atollen, Jonkoping. The new construction is carried out together with a partner where Corallen's part consists of 4,400 square meters (sq.m.) of retail/office/restaurant premises, of which 7% currently is leased. Corallen started the development in the area at the end of 2011 by a new construction of 6,019 sq.m. office and retail premises. The total investment for Atollen is estimated to SEK 289 million, of which the last stage accounts for SEK 133 million and is estimated to be completed during the spring 2015. In the Berga area, Helsingborg, Fastighets AB Briggen has started a new construction of a fully let, flexible warehouse building of 9,700 sq.m. The investment is calculated to SEK 72 million and to be completed during the fourth quarter 2014. In Hogsbo, Gothenburg, Harry Sjogren AB has acquired an office property of 2,700 sq.m. The investment amounted to SEK 34 million net after reduction of estimated deferred tax and includes an unutilized building right of 6,000 sq.m. The change of possession has taken place. 

Company Quote

123.0
1.6 +1.32%
22 Dec 2014