Castellum has sold 12 properties in Gävle to Fastighets AB Regio for SEK 2.3 billion (€217m).
The properties have approximately 107,000 square metres of lettable area and a rental value of MSEK 160 per year. 85% of the tenants are state agencies and include the Swedish Police Authority (Polismyndigheten), the Swedish Prison and Probation Service (Kriminalvården) and the Swedish Mapping, Cadastral and Land Registration Authority (Lantmäteriet).
Closing will take place on 31 March.
“We are pleased to be able to transfer a portfolio of this quality to a long-term and stable party such as Regio, who will take over development and property management, moreover with the same fantastic local organisation. At the same time, the sale reinforces our financial position following the combination with Kungsleden and facilitates further investments and new production for our important clients,” said Rutger Arnhult, CEO of Castellum AB.