STOCKHOLM, Sweden, June 3, 2002 (PRIMEZONE) -- The Real Estate Company Castellum has, through its subsidiaries, made disposals of properties at a total of SEKm 60 with a capital gain of SEKm 20. Castellum has also acquired properties at a total of SEKm 62 and started construction of new buildings at a total of SEKm 39.
Eklandia Fastighets AB has acquired a combined office and logistics property of 4,700 sq. m. at a total of SEKm 28. The property is located near E6 just north of Tingstadstunneln with good accessibility.
Aspholmen Fastigheter AB has started construction of an office and service building of 2,200 sq. m. at a total of SEKm 27. The property is built in the area of Bolanderna in Uppsala. Aspholmen has also started a construction of a building of 1,900 sq. m. in Orebro that will contain premises for sale and storing as well as office premises. The total investment amounts to SEKm 12.
Fastighets AB Corallen has acquired two properties in the area of Vastra Mark in Vaxjo at a total of SEKm 34. One is a warehouse and industrial property of 5,727 sq. m. and the other is an office and retail property of 2,954 sq. m.
Fastighets AB Briggen has sold a residential property of 2,971 sq. m. in Lund to a new tenant owners association. The sales price amounted to SEKm 28 with a capital gain of SEKm 6. Briggen has also sold a smaller property in Helsingborg at a sales price of SEKm 3 with a capital gain of SEKm 2.
Eklandia Fastighets AB has sold three residential properties at a total of 3,482 sq. m. in the eastern parts of Gothenburg. The total sales price amounted to SEKm 24 with a capital gain of SEKm 8.
Fastighets AB Brostaden has sold a smaller industrial property in Bromma, Stockholm. The sales price amounted to SEKm 5 with a capital gain of SEKm 4.
During the first five month Castellum has sold properties at a total of SEKm 382 with a capital gain of SEKm 141.
Castellum, which is one of the major real estate companies in Sweden operating solely in the real estate sector, owns properties with a book value of about SEK 12 billion. The total lettable area, which comprises mainly commercial properties, amounts to 2.3 million square metres. The real estate portfolio, which is owned and managed by six local subsidiaries, is concentrated in Greater Gothenburg, the Oresund region, Greater Stockholm, western Smaland and Malardalen. The Castellum share is listed on the Stockholm Exchange O-list, Attract 40.
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