PR Newswire | Jan 13, 2021 02:17AM EST

01/13 01:16 CST

Castellum makes four strategic acquisitions of logistics in the resund region GOTHENBURG, Sweden, Jan. 13, 2021

GOTHENBURG, Sweden, Jan. 13, 2021 /PRNewswire/ --

In a short period of time Castellum Region resund has completed a series of acquisitions in Malm and Helsingborg, at a total acquisition price of approximately SEK 190 million.

In total, it's a four-leaf clover of strategically interesting deals that verifies Castellum as a proactive player in Swedish logistics.

At the end of December, Castellum communicated its sale of fully developed warehousing and logistics to Blackstone, a deal that in no way means reduced involvement in the segment. The current acquisitions in the resund region signal continued investment in an area that generates good cash flows. By acquiring these four properties in prime locations and with the possibility of continued expansion, Castellum's position in logistics is strengthened, not least in the dynamic resund region.

With increasing e-commerce as the prime mover the logistics industry continues to grow at a high pace. The resund region, with Malm and Helsingborg in the lead, is experiencing a boom in properties adapted to the increasing demand, and Castellum is highly involved in the dynamic development of the region.

"I am very happy that we may enter the new year with these four strategic acquisitions in logistics. We see great potential in all these deals, and regard them as supplementary purchases with development opportunities for the existing portfolio," says Ola Orsmark, CEO of Castellum Region resund.

The four acquisitions in brief:

Drevet 1, Lngeberga, HelsingborgHelsingborg is a fast-growing logistics hub and a focus area where we see opportunities for continued growth. With a location close to communications along the E4/E6 roads, acquisitions of land for warehousing and logistics were made on 23 November, with the possibility of constructing two buildings with a total of approximately 41,000 sqm of lettable area.

Seller: SMEBAB Holding ngermanland AB / Skanska Mark och Exploatering Bygg ABLand area: approximately 51,000 sqmBuildable area: approximately 41,000 sqmClosing date: 25 November 2020Acquisition price including overheads: SEK 28 million

Slen 4, Nyhamnen, MalmNyhamnen is Malm's large development area for mixed urban development. Through the acquisition, which takes place via a company and includes the plot right Slen 4, we are consolidating our presence in the area where Castellum already has several commitments. With its location close to the city and customers active in logistics, this is a strategically important acquisition in an interesting development area.

Seller: Five privately owned smaller companiesLand area: 5,129 sqm Total lettable area: 1,889 sqm Economical occupancy rate: 100% Rental value: approximately SEK 1 million on an annual basisClosing date: 1 December 2020Acquisition price including overheads: SEK 13 million

Eggegrund 7, stra hamnen, MalmThis attractive logistics property in Malm's East Harbour is leased in its entirety by Edstrm Logistics, who together with Castellum plans to further develop and expand its operations with additional premises. The acquisition takes place via a company and includes the plot right to Eggegrund 7.

Seller: S. Edstrm Logistics Malm ABLand area: 42,432 sqm Total lettable area: 14,902 sqm Economic occupancy rate: 100% Rental value: approximately SEK 75 million on an annual basisClosing date: March 1, 2021Acquisition price including overheads: approximately SEK 115 million

Flintkrnan 5, Fosie, MalmFosieby industrial area in Malm is well established in logistics and warehousing, with operations since 1970. Today, more than 300 companies are established with workplaces for more than 10,000 people. For Castellum, Fosie is a priority sub-market for interesting property acquisitions. In this case, several customer relationships in the B2B sector within the Skanska sphere are also added.

Seller: Nddesta Holding AB/SkanskaLand area: 9,949 sqmTotal lettable area: 3,730 sqmEconomic occupancy rate: 89%Rental value: approximately SEK 3 million on an annual basisClosing date: 18 December 2020Acquisition price including overheads: SEK 31 million

For information please contact:Henrik Saxborn, CEO Castellum AB, +46 706 94 74 50Ulrika Danielsson, CFO Castellum AB, +46 706 47 12 61

About Castellum:Castellum is one of Sweden's largest listed real estate companies with a property value of SEK 98 billion. We are active in 17 Swedish growth regions as well as in Copenhagen and Helsinki. Every day, 250,000 people go to work in our premises. We develop flexible workplaces and logistics solutions in close proximity to city centres and with a lettable area of 4.3 million square meters. One of our sustainability goals is to be completely climate neutral by 2030. Castellum is the only Nordic real estate company selected by the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on the Nasdaq Stockholm Large Cap.Beyond expectations.www.castellum.se

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SOURCE Castellum