Castellum to build new police station in Hisingen
Castellum has commenced construction of a new police station in Hisingen, Gothenburg, on the site of the former Göteborgs-Posten printing office. The facility will cover approximately 9,000 square meters and is projected to be completed by Q2 2025. The police precinct will relocate from Vågmästareplatsen to the new site, which will feature improved accessibility. The investment amounts to approximately SEK 470 million, with a 15-year rental agreement valued at SEK 445 million, achieving a 100% occupancy rate. Castellum is a major property company in the Nordic region.
- Investment volume of approximately SEK 470 million.
- 15-year rental agreement with a value of approximately SEK 445 million.
- 100% occupancy rate for the new police station.
- None.
GOTHENBURG, Sweden, Nov. 11, 2022 /PRNewswire/ -- The construction of Hisingen's new police station on Exportgatan has now begun. Castellum is creating purpose-built premises on the site where the old printing office for the Swedish daily Göteborgs-Posten once stood. The new police station is approximately 9,000 square metres in size, and is expected to be ready for occupancy during the second quarter of 2025.
The Greater Gothenburg Hisingen precinct will move from its premises on Vågmästareplatsen to the new premises adjacent to the E6 motorway. The bus stop will be moved closer to the property, and a new footpath is being constructed to increase accessibility for pedestrians.
The Swedish Police Authority is one of Castellum's largest tenants.
"Castellum is extremely proud of being entrusted with constructing a complex building for the Swedish Police Authority and the Greater Gothenburg Hisingen police precinct. We look forward to handing over a state-of-the-art property in 2025 that will help the authority in its vital daily activities," says Mariette Hilmersson, Regional Managing Director at Castellum.
Castellum's transaction in brief:
- Investment volume: approximately SEK 470 M
- Lettable area 9,000 sq. m.
- Rental value and length of contract: approximately SEK 445 M over 15 years
- Occupancy rate:
100%
For further information, please contact:
Mariette Hilmersson, Regional Managing Director Castellum, +46 739-42 09 02
Rutger Arnhult, CEO, Castellum AB: 070-458 24 70
About Castellum
Castellum is one of the largest listed property companies in the Nordic region that develops flexible workplaces and smart logistics solutions. As of 30 September 2022, the property value totalled approximately SEK 186 billion, including the ownership share of the Norwegian company Entra ASA. We are active in attractive Nordic growth regions. One of our sustainability goals is to become entirely climate neutral by 2030 at the latest. Castellum is the only Nordic property and construction company elected to the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on Nasdaq Stockholm Large Cap.
Beyond expectations.
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SOURCE Castellum
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