CASTELLUM AB UNSP/ADR - CWQXY STOCK NEWS

Castellum has sold the Sundby Overdrev property in Copenhagen to Genesta for DKK 778 million, aligning with its Q4 2020 valuation. The property, owned since the Norrporten acquisition, is nearly vacant with an occupancy rate of 34% and a rental value of DKK 65 million. This sale allows Castellum to reinvest in office and logistics properties, reaffirming its strategy for growth in the Nordic region and emerging markets. Remaining in the Copenhagen portfolio are properties valued at DKK 4 billion.

Henrik Saxborn will leave his position as CEO of Castellum in 2021. Appointed in 2013, Saxborn has played a significant role in the company's growth and development. The Board is initiating a process to find his successor while ensuring a smooth transition, with Saxborn remaining in his role for up to six months. Castellum, one of the largest real estate companies in the Nordic region with a property value of SEK 103 billion, focuses on sustainability and technology development, aiming for climate neutrality by 2030, and is listed on Nasdaq Stockholm Large Cap.

Castellum will release its interim report for January-March 2021 on April 21, 2021, at 08:00 am (CET). A teleconference will follow at 09:00 am (CET), hosted by CEO Henrik Saxborn and CFO Ulrika Danielsson, featuring a Q&A session. The report and presentation will be available on Castellum's website. Castellum is a leading Nordic real estate company with a property value of SEK 103 billion and aims to be climate neutral by 2030.

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 made a strategic investment by acquiring land for SEK 50 million in Malmö, Sweden, enhancing its focus on warehousing and logistics. The acquisition adds over 42,000 sq.m of prime land near Copenhagen, facilitating the development of approximately 20,000 sq.m of warehouse space. The property, purchased from AkzoNobel, is located in a high-demand area with direct access to major transport routes. CEO Ola Orsmark anticipates strong interest from potential tenants, aligning with Castellum's priority in logistics development.

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.

The Election Committee for Castellum's Annual General Meeting 2021 comprises five members, representing 26.4% of shares and votes. The committee, which includes industry representatives, will propose candidates for the Board of Directors and auditor, and outline remuneration structures. Shareholders can provide input until December 7, 2020. The AGM is scheduled for March 25, 2021. Castellum, a major Swedish property company with a value of SEK 97 billion, aims for climate neutrality by 2030 and is included in the Dow Jones Sustainability Index.