PR Newswire | Mar 8, 2021 04:44AM EST

Sve

03/08 03:43 CST

Sweden's largest test bed for electromobility to be built at Castellum-owned Sve GOTHENBURG, Sweden, March 8, 2021

GOTHENBURG, Sweden, March 8, 2021 /PRNewswire/ -- Research Institutes of Swedenhas decided that Sweden's largest testbed facility for electric vehicles will be located at Sve in Gothenburg. Construction of a building of almost 15,000 square meters will start soon.

-With SEEL on board we gain additional power to the vision of a national center for fossil-free mobility both on the ground and in the air, says Henrik Saxborn, CEO of Castellum that owns and develops the area.

In 2018, Castellum acquired the entire area (including the Sve airport) and gained access to a development area of almost 3 million square meters. In place already are established heavyweights in the Swedish automotive industry, side by side with innovators such as Heart Aerospace, which is developing the world's first electric passenger aircraft.

Swedish Electric Transport Laboratory, SEEL, is owned by Research Institutes of Sweden and Chalmers University of Technology. The future facility will be an arena for research and development to be used by both industry, academia and research institutes. The establishment at Sve strengthens the Swedish automotive industry's competitiveness and accelerates the transition to a fossil-free society. The future facility will consist of a laboratory part and an office part. In total, it is estimated that about 50 people will work here.

-SEEL is a perfect complement to Sve which now has all the prerequisites to become a world leader in sustainable mobility. This is a major step towards a more sustainable society and more green jobs, says Mariette Hilmersson, CEO of Castellum Region Vst which is now further developing the area towards the vision that between 5,000 and 8,000 people will have their workplace on the site when fully developed. In addition to sustainable mobility of the future, the development of Castellum Sve as a leading logistics hub in Scandinavia is underway.

The business in brief: Tenant: SEEL owned by RISE (50.5%) and Chalmers Foundation (49.5%) Lettable area: approx. 14,800 m2 Investment: approx. SEK 300 million Rental value: approx. SEK 21 million per year Access: spring 2023 For more information please contact:Henrik SaxbornCEO Castellum AB+46.706-94 74 50 Mariette HilmerssonCEO Castellum Region Vst+46.739-42 09 02 About Castellum Castellum is one of the Nordic region's largest listed real estate companies with a property value of SEK 103 billion. We are active in 14 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 with a lettable area of 4.4 million square meters. One of our sustainability goals is to be entirely 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 This information was brought to you by Cision http://news.cision.com https://news.cision.com/castellum/r/sweden-s-largest-test-bed-for-electromobility-to-be-built-at-castellum-owned-save,c3301517 The following files are available for download: https://mb.cision.com/Main/8364/3301517/1383403.pdf Release https://news.cision.com/castellum/i/vy3-save-210210,c2885642 Vy3 S?ve 210210 https://news.cision.com/castellum/i/ Vy2 S?ve 210210 1 vy2-save-210210-1,c2885643 https://news.cision.com/castellum/i/vy1-save-210210,c2885644 Vy1 S?ve 210210

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SOURCE Castellum