Castellum's Interim Report January-September 2018: A Record Strong Quarter - 13% Growth in Income From Property Management

Castellum's Interim Report January-September 2018: A Record Strong Quarter - 13% Growth in Income From Property Management

PR Newswire

GOTHENBURG, Sweden, Oct. 17, 2018

GOTHENBURG, Sweden, Oct. 17, 2018 /PRNewswire/ --

"For Castellum, this resulted in a new record quarter - income from property management rose 13%. The strong earnings after the third quarter mean that I am now even more convinced that in 2018, Castellum will be able to meet its overall target: an increase in income from property management (and thus the dividend) of 10%," says CEO Henrik Saxborn.

"New profitable development opportunities arise through continued high demand for modern, sustainable office spaces. Over the last few years, Castellum has taken a leading role in the expansion of Nyhamnen in central Malmö by constructing a new Swedish National Courts Administration and a new Nordic head office for E.ON. The investment totals SEK 2.3 billion and is one of the largest in the company's history. This further reinforces Castellum's position as a community-builder in the Öresund region," concludes Saxborn.   

Enclosure: Interim Report January-September 2018

This information is information that Castellum is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 8:00 a.m. CET on October 17, 2018.

For additional information, please contact:

Henrik Saxborn, CEO, Phone +46-31-60-74-50

Ulrika Danielsson, CFO, Phone +46-706-47-12-61

Castellum is one of the largest listed real estate companies in Sweden. Property values amount to SEK 87.5 billion and holdings comprise office, warehousing/logistics and public sector properties, covering a total leasable area of 4.4 million square metres. The real estate portfolio is owned and managed under the Castellum brand through a decentralized organization with strong and clear local presence in 20 cities in Sweden and also in Copenhagen and Helsinki.

   In 2018, Castellum received two awards for sustainability efforts; designated Number One in the world by GRESB for the offices-and-logistics sector, as well as the Level Gold award for sustainability reporting from the EPRA (European Public Real Estate Association). In addition, Castellum is the only Nordic real-estate and construction company elected to the Dow Jones Sustainability Index (DJSI), joining a select group of companies in the world who perform best on sustainability issues.

  The Castellum share is listed on Nasdaq Stockholm Large Cap.

Castellum AB (publ), Box 2269, SE-403 14 Gothenburg | Corp Id no SE 556475-5550 | Phone +46-31-60-74-00

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The following files are available for download:

Castellum Interim Report January - September 2018

Press release 181017

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