Castellum Selling Real Estate for SEKm 285 in Stockholm

GÖTEBORG, Sweden, March 7, 2018

Mariehäll was being transformed into a district with an increasingly large number of residential units. So as early as 2013, Castellum entered into an options agreement with ALM Equity AB to sell the Archimedes 1, property, for conversion into residences. The property sale has now been executed, for a price of approx. SEKm 285. Of this, SEKm 237 will be payable on the March, 2018 occupancy date, and the remaining will come due when zoning plans are finalized. The latter is expected to take place sometime during the year, pending the appeal process.

"Efforts to transform properties in Mariahäll and other areas of Stockholm to residential building rights have taken place over a number of years. The sale of Archimedes 1 has consequently been completely in line with our strategy," says Henrik Saxborn, Castellum CEO.

Vacancy will be completed from March 5; Castellum has successively been vacating tenants from the premises. Upon occupancy, only 1,100 sq.m. remains leased, and rental revenues amount to SEKm 1.5.

Summary of the transaction:

Castellum sells the Archimedes 1 property to ALM Equity AB.
Sales price: SEKm 237 upon occupancy, plus SEKm 48 in contingent consideration, effective when zoning details for the area are deemed final. Price in line with latest valuation.
Vacancy date: March 5, 2018

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 persons set out below, at 8:00 am CET on March 7, 2018.