Castellum Acquires for SEK 188 Million and Sells Properties for SEK 166 Million.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Dec. 15, 2000 The Real Estate Company Castellum Castellum is a small Roman detached fort or fortlet which served as a watch tower or signal station. It is diminutive of castra, a military camp, in turn the plural of castrum or watchpost, and it is from Castellum that we get the word "castle". has acquired six properties in Gothenburg and western Smaland at a total of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 188 million. Properties were disposed dis·pose v. dis·posed, dis·pos·ing, dis·pos·es v.tr. 1. To place or set in a particular order; arrange. 2. of at a total of SEK 166 million with a capital gain of SEK 16 million. Through the subsidiary Eklandia Fastighets AB Castellum has acquired an office and warehouse property close to the traffic route E6/E20 in Gothenburg. The lettable area is approximately 33,000 square metres Noun 1. square metre - a centare is 1/100th of an are centare, square meter area unit, square measure - a system of units used to measure areas , of which about 21,000 square metres warehouse and 8,600 square metres office area. At present the property's occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) is 89 % and the vacant areas consist of office premises. Possession will be taken at once. Fastighets AB Corallen has acquired five properties of about 16,200 square metres in all, of which four are situated in Varnamo and one in Vaxjo. The acquisitions in Varnamo consist of one fully let office and retail property in the town centre as well as two vacant office and industrial properties and one piece of land in the Hornaryd industrial area. The acquisition in Vaxjo is a property for retail, warehouse and distribution purposes with 20 % vacancies, good enhancement potential and an unutilized building permission of fully 2,000 square metres. The total purchase price for these acquisitions amounted to SEK 66 million. In Hogsbo industrial area in Gothenburg, where the subsidiary Harry Sjogren AB owns larger holdings, an office and warehouse property of 2,100 square metres was acquired at SEK 7 million. The property, which includes an unutilized building permission of 1,000 square metres, will be reconstructed re·con·struct tr.v. re·con·struct·ed, re·con·struct·ing, re·con·structs 1. To construct again; rebuild. 2. for a tenant newly contracted. In the disitrict Linnestaden in Gothenburg, Eklandia Fastighets AB has sold one more residential property to a housing co-operative. The property, with an area of 2,750 square metres and 28 apartments, was sold for SEK 29 million with a capital gain of SEK 11 million. In line with the company's strategy of concentrating the western Smaland portfolio to a few priority towns and reducing the residential share of the portfolio, Corallen has, in Gislaved, Vaggeryd, Jonkoping and Varnamo, sold seven properties of in all about 35,000 square metres as well as a number of smaller sites to local operators. The total sales price was SEK 137 million, which implies a capital gain of about SEK 5 million. Inclusive of inclusive of prep. Taking into consideration or account; including. the above sales, the capital gains from property sales accounted for so far during 2000 amount to approximately SEK 142 million. During this autumn two earlier announced new construction projects in Lund and Stockholm have been started. In Lund, a larger office project, "Edison Park," near the Ideon-area has been started. The construction, which represents an investment of about SEK 230 million, consists of four, fully let houses of in all 20,000 square metres, which will be ready for the first occupation during the autumn 2001. On the same property, there are further building permissions of about 20,000 square metres. Moreover, a larger new construction has been started in the so-called "Kista Science Park" in northern Stockholm, where about 12,000 square metres will be built next to the company's existing properties. The investment amounts to about SEK 210 million, car park included, and the first tenants are expected to move in at next year-end. The projects mentioned above, together with the new office building, which is under construction in Lilla Bommen in central Gothenburg and a number of smaller projects, represent a total project portfolio of approximately SEK 1 billion. In connection with the redemption programme of SEK 700 million, which Castellum carried through during this summer, Series C shares were temporarily issued. These Series C shares are now redeemed re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. and removed from VPC (1) (Virtual Processor Complex) An IBM mainframe multiprocessing system that uses several computers under tight central control. (2) See Virtual PC. , the Swedish Securities Registration Centre. After that, the total number of registered shares in Castellum AB is 43,001,677. In addition to the redemption programme, Castellum has repurchased 2,001,677 shares for SEK 194 million, equivalent to an average price of SEK 97 per share. Consequently, the total number of outstanding shares is 41,000,000 at present. Castellum, which is one of the major real estate companies in Sweden operating solely in the real estate sector, owns properties with a book value of about SEK 11 billion. The total lettable area, which comprises commercial premises as well as residential housing, amounts to 2,3 million square metres. The real estate portfolio, which is owned and managed by six local subsidiaries, is concentrated in Greater Gothenburg, the Oresund region The Oresund Region (Danish: Øresundsregionen; Swedish: Öresundsregionen) is a transnational region in southern Scandinavia located by the shores of the Oresund strait and connected by the Oresund Bridge. , Greater Stockholm, western Smaland and Malardalen. The Castellum share is listed on the OM Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. O-list. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. 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