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Tag: Castellum

  • Castellum in real estate transaction with the City of Gothenburg

    Castellum in real estate transaction with the City of Gothenburg

    Castellum is selling a property to the city of Gothenburg in exchange for development rights in connection to Västlänken’s future Station Centralen.

    The municipality acquires the property Kobbegården 152:1 and Castellum is at the same time allocated land allotment for a building right of approximately 20-30,000 sq.m. BTA for office and retail space including one of the entrances from Västlänken’s future Station Centralen.

    The agreed purchase price for the property Kobbegården 152:1 amounts to SEK 23.5 million.

    ”I see it as a typical example of a win-win, a good deal for both parties. We get to contribute to urban development in the city center while also offering the city an important piece of the puzzle in southern Gothenburg”, comments Henrik Saxborn, CEO of Castellum AB.

  • Castellum acquires five office properties in Kalasatama, Helsinki

    Castellum acquires five office properties in Kalasatama, Helsinki

    Through a company acquisition of the Finnish real estate group Lindström Invest, Castellum has acquired a real estate portfolio in Helsinki.

    The portfolio comprises five office properties with a total lettable area of approximately 36,000 sq.m.

    The acquisition price amounts to EUR 150 million, including overheads of EUR 7 million, of which EUR 81 million is paid as a share issue in kind and the remaining consists of takeover of debt.

    All properties are well located in Kalasatama, a former port area that the City of Helsinki is now developing into a district intended for 25,000 new residents and 10,000 new jobs. Kalasatama is located 2 km northeast of Helsinki CBD.

    The buildings contain high-quality office space and a conference center and Lindström Oy, Suomen Asiakastieto Oy, Nordic Morning Oy are its major tenants.

  • Castellum income from property management increased by 9% this year

    Castellum income from property management increased by 9% this year

    Castellum income from property management amounted to MSEK 2.588 (2.380), corresponding to SEK 9.48 (8.71) per share – an increase of 9%.

    Castellum income for the period January-September 2020 totalled MSEK 4.488 (4.343 for the corresponding period last year).

    Castellum net income after tax for the period amounted to MSEK 2.549 (3.637), corresponding to SEK 9.33 (13.31) per share.

    Changes in value on properties amounted to MSEK 816 (2.505) and on derivatives to MSEK -212 (-417).

    Net lettings for the period amounted to MSEK 191 (-38).

    Net investments amounted to MSEK 1.996 (741) of which MSEK 317 (2.789) pertained to acquisitions, MSEK 1.800 (2,061) to new construction, extensions and reconstructions, and MSEK 121 (4.109) sales.

  • Castellum received a WELL certificate for Malmo Eminent office building

    Castellum received a WELL certificate for Malmo Eminent office building

    Castellum has officially received a WELL certificate for its Eminent office building in Malmö, thus being first to cross the finish line in a race that has involved several property developers in the Nordic region.

    Today, almost all new buildings are certified according to either one of the most prevalent systems such as the Swedish Miljöbyggnad, or international standards Breeam or LEED.

    All of which focus entirely on energy and environmental sustainability.

    The WELL Building Standard – launched in 2016 – focuses on the people that will inhabit the buildings. It is the only international building oriented towards human well-being in the working environment. 

    The aim is to increase well-being by developing environments designed to support health and quality of life. Today, there are more than one hundred WELL certified buildings in the world, with Castellum’s Eminent now being the first such office building in the Nordic countries.

    The basis for Eminent’s WELL certification is seven areas that focus on human health and well-being. All in all, this can increase both productivity and job satisfaction, while decreasing sick leave.

    • Well-being: Atmosphere that supports well-being;
    • Comfort: Good indoor climate;
    • Nourishment: Access to healthy food;
    • Fitness: Promote movement and good ergonomics;
    • Water: Access to clean drinking water;
    • Air: Good ventilation, air filtration;
    • Light: Qualitative and functional light.

    Castellum has several large WELL projects underway, for example Kungspassagen in Uppsala, GreenHaus in Helsingborg, E.ON. in Malmö and Torsgatan in Stockholm.

  • Castellum to build world’s first climate-neutral police building in Sweden

    Castellum to build world’s first climate-neutral police building in Sweden

    • Castellum will construct an office building in central Örebro for the Swedish Police Authority.
    • The building to be constructed entirely of wood and certified in compliance with the new NollCO2 certification.

    A primary objective is for the building to have net-zero CO2 emissions throughout its lifetime.

    The project is calculated at a cost of approx. MSEK 225 – including acquired building rights of MSEK 15 – and the investment will result in an annual leasing income of MSEK 15.

    What is NollCO2 certification

    The NollCO2 certification was developed by the Sweden Green Building Council as an enrichment level of Miljöbyggnad, BREEAM, LEED and Svanen.

    This is a standard for more sustainable buildings with net-zero greenhouse gas emissions during the building’s entire life-cycle.

    Castellum has participated in SGBC’s development activities related to the NollCO2 certification.  

    How climate neutrality will be achieved for this building

    Climate neutrality is primarily achieved by building the core structures in wood instead of the traditional steel and concrete.

    Utilization of wood means that emissions will be 40% lower compared with traditional construction.

    A further solution for achieving climate neutrality will be to install sun panels on the roof.

    Construction start is planned for the summer of 2020, with completion scheduled for mid-2022.

    Castellum’s climate objectives include becoming 100% climate neutral by 2030, in compliance with national goals for a fossil-free Sweden.

  • Castellum begins construction of warehouse in Lund

    Castellum begins construction of warehouse in Lund

    • Castellum has started construction on new warehousing facilities, comprising just over 5,000 sq.m. of the Gastelyckan industrial park, in the periphery of central Lund.
    • Total investment, including property acquisition, has been calculated to MSEK 88.

    The planned building will go up in Lund’s largest industrial and business-operations area of Gastelyckan’s southern end, where enterprises mostly carry out vehicle sales, machine/equipment rentals and construction retail activities.

    “Lund is situated in the expanding business region of Öresund and the city enjoys a long tradition of research and entrepreneurship that includes major international and national players. This sort of background convinces us that we’re making a very strong investment for Castellum,” says Henrik Saxborn, CEO at Castellum AB.

    The building will consist of three storage and retail-outlet spaces, of which the largest will be leased by Mobility Motors, Sweden’s largest Nissan dealer. They have signed a ten-year leasing agreement for approx. 2,000 sq.m. for operations comprising a retail storefront/showroom, a mechanical workshop and admin offices, with occupancy planned for yearend 2020/2021.

    Occupancy for remaining tenants is planned for spring, 2021.

    To date, Castellum owns four other properties in the Hasslanda and Gastelyckan industrial and business areas, which are located adjacent to each other.

  • Castellum starts the construction of GreenHaus Helsingborg

    Castellum starts the construction of GreenHaus Helsingborg

    Castellum is beginning the construction on the GreenHaus office building with over 10,000 sq.m. in Oceanhamnen, Helsingborg’s new city district. The total investment for the project, including land acquisition, is calculated to MSEK 300.

    “It feels very positive that we can start construction on GreenHaus. This is an important project for us in an exciting new city district which has just begun to take form. The building will be WELL-certified and we’re also planning for a major coworking venture,” says Henrik Saxborn,CEO of Castellum AB. 

    In connection with the GreenHaus inauguration, the Castellum-owned United Spaces coworking company will invite individuals and companies to check out coworking possibilities on one of the building floors. 230 workplaces have been factored into the calculation. This is the first United Spaces operations office to be set up in Helsingborg.

    Fully leased, rental income is estimated to amount to approximately MSEK 19. The current occupancy rate is approx. 31%. Occupancy will occur during spring of 2022.

    Property values of Castellum reaches SEK 92.7 billion

    Castellum is one of the largest listed real estate companies in Sweden. Property values amount to SEK 92.7 billion and holdings comprise office, warehousing/logistics and public sector properties, covering a total leasable area of 4.2 million square metres.

    The real estate portfolio is owned and managed under the Castellum brand through a decentralized organization with strong and clear local presence in 20 cities in Sweden and also in Copenhagen and Helsinki.

    In 2019, Castellum received two awards for sustainability efforts; designated Number One in the world by GRESB for the offices-and-logistics sector, as well as the Level Gold award for sustainability reporting from the EPRA (European Public Real Estate Association).

    In addition, Castellum is the only Nordic real-estate and construction company elected to the Dow Jones Sustainability Index (DJSI), joining a select group of companies in the world who perform best on sustainability issues. The Castellum share is listed on Nasdaq Stockholm Large Cap.