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Castellum will release its half-year report for January-June 2021 on July 15, 2021, at 08:00 CET. A teleconference will follow at 09:00 CET, hosted by CEO Henrik Saxborn and CFO Ulrika Danielsson, including a Q&A session. Participants can join through designated phone numbers or via streaming at Castellum's website. The report and presentation will be accessible at Castellum.se after publication.
The Annual General Meeting (AGM) of Castellum, held on March 25, 2021, approved a dividend distribution of SEK 6.90 per share, split into two payments of SEK 3.45. The record dates are March 29 and September 27, 2021. The Board of Directors will consist of seven members, with Rutger Arnhult elected as Chairman. Additionally, Deloitte was appointed as auditor. The AGM also authorized the Board for new share issues and own share transfers to support future real estate investments. Due to the coronavirus pandemic, the meeting was conducted via postal voting.
Castellum has announced the commencement of construction for a new logistics property in Brunna, Stockholm, marking its third project in the area. This investment amounts to SEK 154 million with an estimated occupancy in Q2 2022. The new facility will feature approximately 1,700 sqm of lettable area and an annual rental value of SEK 15 million. The Brunna logistics area has rapidly expanded, attracting notable tenants, and is strategically located near major transport routes and the airport.
Castellum is set to invest approximately SEK 500 million in the construction of three new office buildings in the Torsgatan area of Stockholm. This project follows the successful renovation of the historic property at Torsgatan 22-30, contributing to a total investment of nearly SEK 2 billion in the neighborhood. The planned rental area will span about 8,000 sqm, with project completion expected by 2025. Castellum aims to enhance local appeal with modern workplaces and public amenities, while maintaining profitability through development on their undeveloped plots.
Sweden's largest electric vehicle testbed facility will be constructed at Säve in Gothenburg, owned by Castellum. The project, slated for completion in spring 2023, involves a 14,800 m² building costing approximately SEK 300 million, expected to generate an annual rental value of SEK 21 million. The initiative is backed by Swedish Electric Transport Laboratory and aims to enhance Sweden's competitiveness in the automotive industry while fostering a fossil-free mobility transition. The site is projected to provide around 5,000 to 8,000 jobs upon full development.
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