Castellum sells properties for SEK 280 M
Castellum is selling four properties in the Smista district of southern Stockholm to Altira AB. The total sale price is approximately SEK 280 M, before deductions for overheads and deferred tax totalling approximately SEK 10 M. The sale price is in line with the carrying amount.
“In accordance with our strategy, we are continuing to reduce our exposure to the retail segment. However, we will continue to be a major player in Smista, with seven strategically located properties that have ideal display locations along the E4 motorway. The recent sales provide us with possibilities for new acquisitions and investments in existing projects, where we are seeing many attractive opportunities in the near future. The sale price confirms our carrying amounts,” says Kristina Sawjani, Chief Investment Officer at Castellum Aktiebolag.
The properties that are being divested to Altira AB are Spejaren 3, Varpen 10, Visiret 4 and Borgen 2. The largest tenants are Din Bil Sverige AB and Bilia AB.
The transaction in brief
Properties: Spejaren 3, Varpen 10, Visiret 4 and Borgen 2.
Closing date: 2 December 2024
Average contract duration: 5.6 years
Rental value: SEK 20.8 M
Leasable area: approx. 11,000 square metres
Occupancy rate: 100%
For further information, please contact:
Kristina Sawjani, Chief Investment Officer, Castellum Aktiebolag, +46 (0)8 503 052 00
Sven Stork, Regional Managing Director in Stockholm, Castellum Aktiebolag, +46 (0)708 24 40 96
