PR Newswire | Mar 15, 2021 03:16AM EDT

03/15 02:15 CDT

Castellum invests SEK 154 million in new logistics building in Brunna, Stockholm GOTHENBURG, Sweden, March 15, 2021

GOTHENBURG, Sweden, March 15, 2021 /PRNewswire/ -- Castellum increases its strategic position in warehouse and logistics buildings in selected premium locations. Construction of a third property in Brunna, one of the most attractive logistics areas in Stockholm, has commenced.

-It feels great to have started construction of our third large property in Brunna. E-commerce continues to drive demand for modern premises in good locations. I expect great interest and quick rental of this attractive project, says Martin Bjrn, CEO of Castellum Region Stockholm-Norr.

At the end of 2016, Castellum acquired a land area in northern Stockholm, ideally located adjacent to the E18 along the Stockholm-Enkping route and close to the E4 motorway, Mlarbanan railway and Arlanda airport. Since then, the Brunna logistics area has grown rapidly with new tenants. Large reputable companies such as ICA, Swedish Match, Altia, Zalando and Ramirent are already in place in the area where Castellum owns just over 180,000 sq.m. of built-up and buildable land, spread over six properties.

After two successful new facilities in Brunna, Castellum is now investing in a third property on Mtarvgen 43, with estimated occupancy during Q2 2022. With 11 meters ceiling height, excellent marshalling yards, cargo buildings and ground gates, the premises are perfectly adapted for warehousing and logistics companies in need of large areas.

-We are talking true flexibility. One tenant may very well take the entire area, or we can divide it for several tenants. As always, we are open to tailoring the premises to the tenant's unique needs and wishes, says Martin Bjrn.

The business in brief:Castellum is building a new logistics property in Brunna, Upplands-BroInvestment: SEK 154 millionConstruction start: March 2021Estimated occupancy: Q2 2022Lettable area: approx. 1,700 sqmAnnual rental value: approx. SEK 15 million

For further information please contact:Henrik Saxborn, CEO of Castellum AB, phone +46.706.947450Martin Bjrn, CEO Castellum region Stockholm-Norr,+46.738.09 43 11

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

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SOURCE Castellum