Castellum units launch EUR 25m in construction projects

Swedish property developer Castellum said two of its wholly-owned subsidiaries had started construction on two new properties in Gothenburg set to cost EUR 25 mln, and acquired four commercial properties for EUR 15 mln.

The two new buildings are a 15,500 m² logistics building with 1,500 m² of office space, and a 3,400 m² mixed-use development. Castellum said its unit Fastighets AB Briggen has acquired a 7,400 m² warehouse/logistics property for around SEK 6.5 mln, while Aspholmen Fastigheter AB has acquired a 2,700 m² warehouse/industrial property for around EUR 1.5 mln.

Another subsidiary, Aspholmen Fastigheter AB has acquired a 5,200 m² office/retail property for about EUR 6 mln, and a 1,100 m² warehouse/industrial property for approximately EUR 900,000, Castellum said. The firm has also started construction on a 2,500 m² project with premises for the sale and service of cars. The project is expected to cost around EUR 200,000 m².