Castellum buys and sells in Sweden

Swedish listed property company Castellum announced on Thursday that it has acquired seven properties for SEK 302 mln (EUR 31 mln) and sold one asset for SEK 28 mln. In a statement, the real estate firm also said that it signed new long term credit agreements of SEK 500 mln this month in addition to the SEK 2 bn which agreed during the second quarter of the year. The equity will be used to make further investments, Castellum added.

The firm has purchased four fully-let properties mostly for warehousing and office use in Uppsala, near Stockholm. The assets have a lettable area of 18,500 m² and were bought for SEK 193 mln. Castellum has also bought a fully let industrial scheme of 2,800 m² for SEK 12 mln in Vasteras and sold a building right of 20,000 m² in Vaksala north of Stockholm. Further, its subsidiary Corallen has acquired a fully let property in Jönköping for SEK 23 mln. The lettable area of this office and warehousing complex is around 1,700 m2, Castellum said, with a right to extend it with another 5,000 m². Its Fastighets Briggen unit has acquired an office property of 6,700 m² in Berga for about SEK 74 mln.