Castellum completes €480m sales

Castellum has completed an exchange transaction with Fastighetsaktiebolaget Lilium, wherein Castellum will acquire six properties in Linköping, Sweden, and sell 20 properties in Sundsvall.

The sales price was €480 million ($545 million). 

"Linköping is an attractive regional city where we’d like to grow and develop our product offers. This transaction makes us one of the two largest players in town, and moreover, the deal provides building-rights possibilities in the city. With us as a partner, both existing and new customers can grow and develop their businesses as well,” said Henrik Saxborn, Castellum CEO.

The six properties in Linköping comprise 67,000 square meters (721,000 square feet) of office space, centrally located in the vicinity of Castellum’s existing office buildings in the city. Acquisition price amounted to SEKm 1,638 ($182 million) including costs and assessed deferred taxes of SEKm 87 ($9.64 million). Fully leased,