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| Castellum announces new investments of SEK 238 million Castellum, one of the major listed real estate companies in Sweden, has through wholly owned subsidiaries decided on new construction, extensions and refurbishment for SEKm 215 and acquisition of one commercial property for SEKm 23. In Mariehäll Stockholm, Fastighets AB Brostaden has started a reconstruction project of an existing property. The property is an industrial property which will be converted into a modern retail property for home furnishing and interior decorating. Approx. 50% of the lettable area has already been signed. In total 14,900 sq.m. will be converted at an estimated investment of SEKm 130. The reconstruction is planned to be completed at the end of 2009. Further Brostaden has started project work for a new bridge for pedestrians and bicycles across the E4 at Smista Allé next to Kungens Kurva. The new bridge increases the accessibility between the public communications and Smista Allé where Brostaden owns unutilized building permissions of approx. 66, 000 sq.m. The investment is calculated to SEKm 20. In Tunbytorp in Västerås and in the area Holmen in Örebro Aspholmen Fastigheter AB has started new construction and refurbishment of two existing properties. The total investment is calculated to SEKm 25. Fastighets AB Briggen has acquired a warehouse and industrial property of 3, 600 sq.m. for SEKm 23. The property is located in Malmö with good communications and connection to inner and outer highways. write your comments about the article :: © 2008 Construction News :: home page |