Overseas Real Estate

Catella Investment Management Completes Two Property Acquisitions in Spain Worth EUR 24 Million

STOCKHOLM, Sweden, Jan 23, 2017 /PRNewswire/ -- Catella's investment management team in Spain has closed the acquisitions of two residential properties located in Pinto's Tenería neighbourhood in Madrid. The transactions were conducted on behalf of the Catella Wohnen Europa residential fund.  The acquired twin buildings have a total floor area of 18,092 square metres, distributed over 216 apartments,...

Castellum’s Year-end Report 2016: 9% Growth in Income From Property Management and a Proposed Dividend of SEK 5.00 per Share

GÖTEBORG, Sweden, Jan 19, 2017 /PRNewswire/ -- Rental income 2016 amounted to SEKm 4,533 (SEKm 3,299 previous year). Income from property management amounted to SEKm 2,065 (1,533), corresponding to SEK 8.80 (8.11) per share, an increase of 9%. Changes in value on properties amounted to SEKm 4,085 (1,837) and on derivatives to SEKm 82 (216). Net income after tax for the year amounted to SEKm 4,972...

Castellum – The Election Committee’s Proposal Regarding Resolutions at the Annual General Meeting 2017

GÖTEBORG, Sweden, Jan 17, 2017 /PRNewswire/ -- The proposed Board members are: All current members of the Board are accordingly proposed for re-election. The Board of Directors of Castellum has continuously been renewed but with maintained continuity. The Election Committee is of the opinion that the existing Board of Directors of Castellum is a well-functioning body and that the Board members...

Catella Asset Management Advised German Institution on Acquisitions of Residential Developments for EUR 40 Million

STOCKHOLM, Sweden, Jan 12, 2017 /PRNewswire/ -- The residential team of Catella Real Estate has advised a southern German institution on acquisitions of 130 new development apartments in Bamberg and Berlin for a total of some EUR 40 million.  The purchases were made for a special fund of the German institution. The fund is managed by German capital management company Institutional Investment Partners....

Invitation – Presentation of Castellum’s Year-end Report 2016

GÖTEBORG, Sweden, Jan 11, 2017 /PRNewswire/ -- To follow the presentation use this link: Dial-in details for the conference call: +46 (0) 850336434 Code: 38192805 This information is information that Castellum is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 13:30 CET on January 11, 2017.  For additional information, please...

Castellum Appoints Corporate Communications Director

GÖTEBORG, Sweden, Jan 09, 2017 /PRNewswire/ -- Ingalill Östman has been appointed Director of Corporate Communications at Castellum. Ingalill has most recently worked with her own communications company, and also brings extensive experience to Castellum from several management positions at global companies. These include a position as Senior Vice President, Group Communications & Government...

Citycon Decided on a Quarterly Distribution

HELSINKI, Finland, Dec 20, 2016 /PRNewswire/ -- CITYCON OYJ - Stock Exchange Release: December 20, 2016 at 14:50 hrs The Board of Directors of Citycon Oyj has today decided that an equity repayment of EUR 0.0375 per share be distributed from the invested unrestricted equity fund of the company. The equity repayment will be paid to a shareholder registered in the company's shareholders' register...

Castellum Acquires Land in Upplands-Bro for SEKm 205 and has Signed a Leasing Contract of 2,800 sq.m. in Central Stockholm

GÖTEBORG, Sweden, Dec 20, 2016 /PRNewswire/ -- The property – Örnäs 1:17, Upplands-Bro – consisting of undeveloped land and covers an area of 132,165 sq.m. of planned land with a possible lettable area of approx. 60,000 sq.m. The acquired land is located in a partially built-up area, currently undergoing substantial expansion activity. It is attractively situated along the Stockholm-Enköping E18...

Castellum Sells for SEKm 486 in Luleå

GÖTEBORG, Sweden, Dec 9, 2016 /PRNewswire/ -- The selling price amounted to SEKm 486, after deduction of expenses and assessed deferred tax of SEKm 27, which exceeded the latest valuation by SEKm 28 and the acquisition price in the Norrporten transaction last spring by 27%. Final economic results will also be affected by reversed goodwill of approx. SEKm 15 and deferred tax income of approx. SEKm 55....

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