Castellum and the Port of Gothenburg form JV company for new Nordic logistics hub

Castellum has signed a letter of intent with the Port of Gothenburg to jointly develop the Halvorsäng area into a leading Nordic logistics hub. The collaboration will be conducted in a partner company where Castellum and the port own equal parts. Castellum invests approximately SEK 1 billion ($120 million) in the project.

The purpose of the partner company is to jointly develop, design and build logistics properties within Halvorsäng and to subsequently own, manage and rent out the premises. Halvorsäng is located directly north of Skarvikshamnen in an ideal location for handling incoming goods unloaded by the Port of Gothenburg, for further transport across Scandinavia by truck or train. The area amounts to approximately 270,000 square meters (2.9 million square feet) of land area, of which approximately 155,000 square meters (1.67 million square feet) is gross area. The site is to be fully developed within four years, with an estimated project start in 2021. Castellum's i