Castellum acquires office property in Solna Strand from Humlegården for approx. SEK 950 million

GOTHENBURG, Sweden, July 1, 2021

"It feels good to take position in Solna Strand, a well-established office cluster with great communications and service facilities. The property has a good tenant base and gives us development opportunities. This is a natural step in our ambition to grow further in Solna," says Henrik Saxborn, CEO of Castellum.

Solna Strand is a submarket located between Sundbyberg and Huvudsta along Bällstaviken. The area is easily reached regardless of mode of transport, and it takes just about 10 minutes to Stockholm city by subway. It is a well-established office cluster that will continue to develop as an office market.

"The location with proximity to both the subway and major roads is one of many qualities," says Martin Bjöörn, CEO of Castellum Region Stockholm-North. "The new acquisition strengthens our position in Stockholm and our product range in the Solna submarket."

Aprikosen 3 was built in 1972 and has a high and a low part. The property consists of flexible surfaces in a good standard, and is certified according to BREEAM In-Use "Very Good". The five largest tenants account for about 38% of the rental value.

The business in brief:
Castellum acquires the property-owning company for the office property Aprikosen 3 from Humlegården Holding III AB
Acquisition price: approx. SEK 950 million, including overheads
Access date: 1 September, 2021
Lettable area: 21,573 sqm
Annual rental value: approx. SEK 56 million
Larger tenant: Fenix Outdoor AB
Economical occupancy rate: 92%
Average contract duration (years): approx. 2.4

For more information, please contact:
Henrik Saxborn, CEO Castellum AB, +46 706-94 74 50
Ulrika Danielsson, CFO Castellum AB, +46 706-47 12 61