Castellum Sells Properties With a Capital Gain Of SEK 31 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)--April 10, 2000 Through its local subsidiaries, 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 two commercial properties in Orebro Ör·e·bro A city of south-central Sweden west of Stockholm. Known since the 11th century, it has often been the site of national assemblies. Population: 96,300. and Gothenburg 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. 41 million. Castellum has as well disposed in good condition; in good health. - Chaucer. See also: Disposed of six properties, of which three residential properties, at a total of SEK 77 million with a capital gain of SEK 31 million. Through the subsidiary Aspholmen Fastigheter AB, Castellum has acquired an office property of 3,466 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 in the town centre of Orebro. This acquisition enables the company to offer office premises also in the central part of the town. The purchase price amounted to SEK 24 million. At a purchase price of SEK 17 million, Harry Sjogren AB has acquired a vacant warehouse and office property of 3,485 square metres situated in the Hogsbo-Sisjon industrial park in Gothenburg, in which district the company already owns several properties. The acquired property also includes a building permission, which allows the construction of additional 5,000 square metres of office premises. In Gothenburg, in the district Linnestaden, Eklandia Fastighets AB has sold two residential properties with an area of in all 5,992 square metres to new housing co-operatives and a residential property of 1,083 square metres in the district Krokslatt. The sales price referring to the residential properties was SEK 69 million with a capital gain of SEK 29 million, of which SEK 26 million will be accounted for during the first quarter 2000. Eklandia has 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 a part, comprising 1,150 square metres, of a warehouse and office property of in Hisingen, Gothenburg and in the town of Koping, Aspholmen Fastigheter AB has sold a smaller industrial property of 700 square metres. Finally Fastighets AB Brostaden has disposed of a smaller warehouse property of 425 square metres in the Bromma district in Stockholm. The sales of the commercial properties, which were carried through during the first quarter, amounted to SEK 8 million with a capital gain of SEK 2 million. So far this year Castellum has acquired properties at a total of SEK 217 million and sold properties at a total of SEK 204 million, with a capital gain of SEK 68 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 SEK 10.2 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 Stockholmsborsen Stock Exchange. ------------------- Please visit http://www.bit.se for further information 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. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/04/10/20000410BIT00560/bit0001.doc http://www.bit.se/bitonline/2000/04/10/20000410BIT00560/bit0002.pdf |
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