Stockholm-listed property company Castellum has sold a portfolio of 11 office buildings in the Swedish capital for SEK 822 mln (鈧�88.7 mln).
Stockholm-listed property company Castellum has sold a portfolio of 11 office buildings in the Swedish capital for SEK 822 mln (鈧�88.7 mln).
The properties in Akalla, Upplands V盲sby, Kista and Sollentuna have a total lettable area of more than 88,000 m2 and an occupancy rate of 70%.
The buildings are let to around 150 tenants, the largest of which is Microsoft which accounts for 17% of rental income. Others include SC Motors Sweden, Sandbergska Competens, Agility and NDA Regulatory Service. The total rent in 2015 was SEK 88 mln.
'The purpose of the transaction is to continue to reallocate the portfolio in Stockholm and to concentrate our portfolio in selected markets', said CEO Henrik Saxborn.
