Castellum Expands Portfolio with SEK 1.7 Billion Property Acquisition

Castellum AB ( (SE:CAST) ) just unveiled an announcement.

Castellum has announced the acquisition of five properties from Corem for SEK 1.7 billion, enhancing its portfolio in Uppsala, Örebro, and Linköping. This strategic move aligns with Castellum’s growth strategy, leveraging its strong financial position and recent credit rating upgrades. The properties, which include office and hotel spaces, are situated in prime locations and are expected to improve the company’s market position and sustainability profile. The acquisition is anticipated to enhance tenant offerings and streamline property management, with approval expected by the end of June 2025.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK120.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

More about Castellum AB

Castellum is one of the Nordic region’s largest commercial property companies, focusing on office and logistics properties in Nordic growth cities. The company is listed on Nasdaq Stockholm Large Cap and is recognized for its sustainability efforts, being the only Nordic property company included in the Dow Jones Sustainability Indices.

Average Trading Volume: 2,225,539

Current Market Cap: SEK56.51B

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