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2016-12-09

Castellum: Castellum sells for SEKm 486 in Luleå

Castellum has completed the sale of an office property in Luleå,
Lejonet 11, of approx. 21,800 sq.m.

The selling price amounted to SEKm 486, after deduction of expenses
and assessed deferred

tax of SEKm 27, which exceeded the latest valuation by SEKm 28 and the
acquisition price in the Norrporten transaction last spring by 27%.
Final economic results will also be affected by reversed goodwill of
approx. SEKm 15 and deferred tax income of approx. SEKm 55.

Purchaser is state-owned Specialfastigheter. Change of possession will
take place on December 15, 2016.

Total rental value is approx. SEKm 33. Major tenants include the
Courts of Sweden, the Swedish Police and the Swedish Enforcement
Authority. The economic occupancy rate is over 99% and the average
contract length is approx. 8 years.

The sale means that Castellum is leaving Luleå.
Following publication of the Norrporten acquisition - Sweden's
second-largest real estate deal - in April of this year, Castellum
announced that divestments totalling at least SEK 4 billion would be
made, as part of transaction financing. Castellum is now in position
to announce a property-sales volume which is even higher: Including
today's property divestment in Luleå, the company has now sold
properties worth a total SEK 6.8 billion since the spring.

Meanwhile, the company continues to invest, providing Castellum
customers with newer, more efficient and more effective operating
premises. At the moment, Castellum is running no fewer than 19 major
new construction, extension, or reconstruction projects, worth a
total of SEK 2.1 billion.

"I'm pleased that we've managed to carry out the divestments we
announced when we bought Norrporten", says Henrik Saxborn, Castellum
CEO. "Our ambition level is unchanged: to invest a net 5% of the net
worth of our property portfolio every year - that is, an amount
approaching SEK 10 billion over a three-year period".

This information is information that Castellum AB is obliged to make
public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication, through the agency of the contact
person set out below, at 12.00 CET on December 9, 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 amounted at the latest
report 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-for-sekm-486-in-lulea...
http://mb.cision.com/Main/8364/2145789/601883.pdf

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