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GÖTEBORG, Sweden, Dec. 28, 2020 /PRNewswire/
Castellum s vision for the new Hagastaden takes a big leap towards realization. The City of Stockholm has given the go-ahead for construction of the Infinity office property with 20,000 square meters for the workplace of the future. The total investment volume is at approximately SEK 1.7 billion, of which land acquisitions are estimated to amount to approximately SEK 650 million.
The project will start in the spring of 2021 and is planned to be completed in 2025 after extensive building construction and foundation work by Castellum as well as completion and infrastructure work by the City of Stockholm. As soon as the city s completion work is finished, Castellum can formally take over the land, pay the purchase price and start construction of the office buildings, which is expected to take place during the first half of 2023.
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The Revised Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, any jurisdiction (including without limitation Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Switzerland) or the United States in which the making of the Revised Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Norwegian law. For further information, please see section entitled
Castellum announces an increased share exchange and cash offer to Entra s shareholders and the sale of a mature stabilized asset portfolio at a 20% premium to book value to Blackstone
A. Increased share exchange and cash offer to Entra s shareholders
On November 26, 2020, Castellum Aktiebolag (publ) ( Castellum ) announced the intention to launch a share exchange and cash offer to eligible Entra ASA s ( Entra ) shareholders (the Offer and the Offer Announcement , respectively). Castellum now increases the consideration in the Offer by 13.9%
1 (the Revised Offer ) by offering each eligible Entra shareholder 8 newly issued Castellum shares for every 13 shares in Entra and NOK 54.39 in cash per share in Entra, representing a total value of NOK 185
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GOTHENBURG, Sweden, Dec. 17, 2020 /PRNewswire/
Castellum has signed a 25-year leasing agreement with the Swedish Migration Agency for an area of approximately 5,600 sq.m. with a total annual average rental value of approximately SEK 24 million.
During the spring, remodeling and adjustments of one of Castellum s existing properties in Mölndal will start for the tenant, the Swedish Migration Agency. The project will begin in the spring of 2021 and is expected to be completed during the summer of 2022.
Facts and figures in brief:
Tenant: The Swedish Migration Agency
Area: 5,600 sqm
Investment rebuilding / adjustments: SEK 272 million
Total rental value over 25 years (including adjustments): approximately SEK 600 million, corresponding to an annual average rental value of approximately SEK 24 million.
Castellum strengthens its presence in Slakthusetområdet area with acquisition for SEK 298 million direktbroker.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from direktbroker.de Daily Mail and Mail on Sunday newspapers.