Castellum invests SEK 154 million in new logistics building in Brunna, Stockholm
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.
- Commencement of construction for a new logistics property in Brunna.
- Investment of SEK 154 million indicates commitment to growth.
- Annual rental value of SEK 15 million projected from the new facility.
- Strategic location near major transport routes and established tenants.
- None.
GOTHENBURG, Sweden, March 15, 2021 /PRNewswire/ -- Castellum increases its strategic position in warehouse and logistics buildings in selected premium locations. Construction of a third property in Brunna, one of the most attractive logistics areas in Stockholm, has commenced.
-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, says Martin Bjöörn, CEO of Castellum Region Stockholm-Norr.
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.
After two successful new facilities in Brunna, Castellum is now investing in a third property on Mätarvägen 43, with estimated occupancy during Q2 2022. 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.
-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, says Martin Bjöörn.
The business in brief:
Castellum is building a new logistics property in Brunna, Upplands-Bro
Investment: SEK 154 million
Construction start: March 2021
Estimated occupancy: Q2 2022
Lettable area: approx. 1,700 sqm
Annual rental value: approx. SEK 15 million
For further information please contact:
Henrik Saxborn, CEO of Castellum AB, phone +46.706.947450
Martin Bjöörn, CEO Castellum region Stockholm-Norr,+46.738.09 43 11
About Castellum
Castellum is one of the Nordic region's largest listed real estate companies with a property value of SEK 103 billion. We are active in 14 Swedish growth regions as well as in Copenhagen and Helsinki. Every day, 250,000 people go to work in our premises. We develop flexible workplaces and logistics solutions with a lettable area of 4.4 million square meters. One of our sustainability goals is to be entirely climate neutral by 2030. Castellum is the only Nordic real estate company selected by the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on the Nasdaq Stockholm Large Cap.
Beyond expectations.
www.castellum.se
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SOURCE Castellum
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