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2016-10-19

Castellum: Castellum sells properties in Malmö and Lund for SEKm 893

Castellum AB (publ) has sold 21 properties in Malmö and 7 properties
in Lund. Sale price totalled SEKm 893, after transaction costs and
deferred assessed taxes of SEKm 44, which is in line with the latest
valuation. The properties are to be vacated by December 1st, 2016.

The recently sold portfolio covers 114 thousand sq.m., comprising 21
properties amounting to 88 thousand sq.m. in Malmö as well as 7
properties covering 26 thousand sq.m. in Lund. 9 of the 28 properties
are site-leasehold rights.

The sale is aligned with ongoing portfolio development strategies that
Castellum has been carrying out in Malmö and Lund, in order to
achieve higher density and more efficient management in selected
sub-markets.

"In connection with the Norrporten acquisition, Castellum had already
announced upcoming divestments of SEK 4 billion, targeting properties
which do not comprise a long-term strategic holding - all with the
purpose of retaining a strong balance sheet and creating an enhanced
property portfolio in the future", says Henrik Saxborn, Castellum
CEO. "This transaction is the first step, which enables us to refine
the portfolio in Malmö and Lund to selected sub-markets.

Summary of the transaction:
Sale price: SEKm 893, after transaction costs and deferred assessed
taxes of SEKm 44, which is in line with the latest valuation.

Premises vacated, effective: December 1, 2016.
Leasable area and occcupancy rate: Approx 114 thousand sq.m., with an
occupancy rate of 75% during 2016.

Properties affected by this deal:
Malmö: Murman 7, 8 and 11, Stillman 40, Skjutsstallslyckan 3, Haken 3,
Flygfyren 1, Flygvärdinnan 4, Flygledaren 3, Skevrodret 1, Höjdrodret
3, Lillgrund 5, Bjälken 3, Betongen 11, Nejlikebuketten 4 and 6,
Vårbuketten 3, Brandnäven 1 and 2, as well as Svedjenäven 3 and 4.

Lund: Annedal 9, Traktorn 2 and 4, Trumlan 1, Välten 4 and 5, as well
as Ådret 12.

Average lease duration: 3.2 years.
Rental value: SEKm 120 for 2016.
Major tenants: Mio, DHL, Malmö Municipality, Corsec, Purac.
This information is information that Castellum is obliged to make
public pursuant to the EU Market Abuse Regulation and the Securities
Markets Act. The information was submitted for publication, through
the agency of the contact person set out below, at 2 pm CET on
October 19, 2016.

For additional information, please contact:
Henrik Saxborn, CEO, Phone +46-31-60 74 50
Ulrika Danielsson, CFO, Phone +46-31-60 74 74

www.castellum.se

Castellum is one of the major listed real estate companies in Sweden.
The fair value of the real estate portfolio amounts to approx. SEK 74
billion, and comprises of commercial properties for office, retail,
warehouse and industrial with a total lettable area of approx. 4.7
million sq.m.

Castellum own and manage properties through one common brand in five
geographical regions with strong local presence. The five
geographical regions are: Central, North, Stockholm, West and
Öresund.

In 2016, Castellum sustainability performance was awarded two top
distinctions: First Prize for sustainability reporting in Europe from
EPRA and Global Sector Leader, handed out by GRESB which means that
Castellum is ranked first in the world within the office- and
industrial-properties sector. Further Castellum has been selected as
an index component of the Dow Jones Sustainability Indices (DJSI),
which includes the companies in all industries in the world with best
performance in terms of sustainability.

The Castellum share is listed on Nasdaq Stockholm Large Cap.

Castellum AB (publ), Box 2269, SE-403 14 Gothenburg | Org nr/Corp Id
no SE 556475-5550 | Phone +46 31 60 74 00 Fax +46 31 13 17 55

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http://news.cision.com/castellum/r/castellum-sells-properties-in-malmo-a...
http://mb.cision.com/Main/8364/2104395/577138.pdf

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