Castellum Invests SEK 300 Million in Acquisitions and New Constructions.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)--Sept. 5, 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 eight properties in Stockholm, Gothenburg Gothenburg: see Göteborg, Sweden. , Malmo, Helsingborg Helsingborg or Hälsingborg (both: hĕlsĭngbôr`yə), city (1990 pop. 81,165), Malmöhus co., S Sweden, a seaport on the Øresund, connected by ferry with Helsingør, Denmark. and Jonkoping 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. 239 million. Furthermore, the company will build new office and warehouse premises in Malmo for SEK 67 million. Three minor, residential properties in Lund 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 with a capital gain of SEK 12 million. Through the subsidiary Fastighets AB Brostaden, Castellum has, at SEK 51 million, acquired an office property in "Kista Science Park" in Akalla north of Stockholm. The property includes three buildings of in all 5,200 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 and half of an adjoining multi-story car park. Approximately 18 % of the area are vacant at the time of taking over. The acquired property is situated close to four properties already owned by the company, where an extension of about 11,000 square metres will soon be started. In central Gothenburg, Eklandia Fastighets AB has acquired two adjoining office properties, with a total area of fully 7,000 square metres. The purchase price was SEK 85 million. The properties are situated in the district Inom Vallgraven where the company already owns 11 properties. In addition, the company has enlarged its portfolio in Arod industrial area in Gothenburg by the acquisition of a property of 2,541 square metres at a purchase price of SEK 16 million. In Bulltofta industrial area, close to the inner beltway in Malmo, Fastighets AB Briggen has acquired a warehouse property of approximately 15,000 square metres, of which about 60 % are vacant. The purchase prise was SEK 36 million. The property will be developed by stages and the first stage will be an extension of new office premises for SEK 12 million. In connection with the acquisition new long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. leases for about 5,000 square metres of warehouse and office areas have been signed. In the same area, Briggen will carry through an extension of a warehouse property with an existing area of about 4,000 square metres. The new construction comprises about 5,500 square metres, of which about 3,500 square metres office and 2,000 square metres warehouse premises and the new building will be ready for occupation in spring 2001. The total investment is calculated at SEK 55 million. Moreover, Briggen has, in one transaction, acquired two properties in Helsingborg at a total of SEK 15 million. Both a retail property of 5,350 square metres in Berga industrial area, and an unutilized building permission of about 5,000 square metres in Vala industrial area. Next to the Elmia fair and congress establishment in Jonkoping, Fastighets AB Corallen has acquired an office, warehouse and industrial property of 10,385 square metres for SEK 36 million. The industrial premises of about 3,200 square metres are vacant, which makes a continued development of the property possible. Moreover, three minor residential properties in Lund, of in all 2,920 square metres, have been sold to local housing co-operatives. The total purchase price was SEK 28 million, which implies a capital gain of SEK 12 million. 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 fully SEK 10 billion. The total lettable area, which comprises commercial premises as well as residential housing, amounts to fully two 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. 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