Castellum has started construction of a new logistics property in Brunna, Stockholm worth SEK 154 million.
After two new facilities in Brunna, Castellum is investing in a third property on Mätarvägen 43, with an estimated occupancy during Q2 2022.
The project will have approx. SEK 15 million annual rental value and approx. 17,000 sq.m leasable area, according to the company.
”It feels great to have started construction of our third large property in Brunna. E-commerce continues to drive demand for modern premises in good locations. I expect great interest and quick rental of this attractive project,” said Martin Bjöörn, CEO of Castellum Region Stockholm-Norr.
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At the end of 2016, Castellum acquired a land area in northern Stockholm, ideally located adjacent to the E18 along the Stockholm-Enköping route and close to the E4 motorway, Mälarbanan railway and Arlanda airport. Since then, the Brunna logistics area has grown rapidly with new tenants. Large reputable companies such as ICA, Swedish Match, Altia, Zalando and Ramirent are already in place in the area where Castellum owns just over 180,000 sq.m. of built-up and buildable land, spread over six properties.
”With 11 meters ceiling height, excellent marshalling yards, cargo buildings and ground gates, the premises are perfectly adapted for warehousing and logistics companies in need of large areas,” said the company in a statement.
”We are talking true flexibility. One tenant may very well take the entire area, or we can divide it for several tenants. As always, we are open to tailoring the premises to the tenant’s unique needs and wishes,” added Martin Bjöörn.