trending Market Intelligence /marketintelligence/en/news-insights/trending/zTOQeBLbejE3HgC8BdXsfw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Castellum sells 20 properties, buys 6

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Castellum sells 20 properties, buys 6

Castellum AB sold its 20-property portfolio in Sundsvall, Sweden, and bought six properties in Linköping, Sweden, under an exchange deal with Fastighetsaktiebolaget Lilium.

The Sundsvall assets, totaling about 157,400 square meters, were divested for a net sale price of 3.32 billion kronor. These assets are Hovrätten 2, Måsen 14, Järnvägsstationen 2, Idrottsparken 2/3, Borgaren 3, Byggmästaren 2, Guldsmeden 15, Hercules 2/8/9, Neptunus 5, Notvarpet 8, Nyttan 3/6, Nyttan 7, Olympen 4, Stadshuset 2, Stuvaren 1 and Tullpaviljongen 1.

Castellum said the sale represents a yield of 5.0% of the current operating net, after administration costs. The Swedish real estate company expects its financial results to be affected by a devaluation for goodwill of about 180 million kronor, plus deferred tax revenues of approximately 350 million kronor, as a result of the transaction.

The company paid a net price of about 1.64 billion kronor for the acquisition of Amasonen 3, Ambrosia 6, Blandaren 18, Dalkullan 19, Djäknen 7 and Duvan 18. These assets total about 67,000 square meters of leasable area. The transaction reflects a yield of 4.8% of the current operating net, after administration costs.

As of Jan. 17, US$1 was equivalent to 9.03 Swedish kronor.