GÖTEBORG, Sweden, April 24, 2019 /PRNewswire/ --
"Income from property management increased 9%, which means that with our existing portfolio, we nearly reached our goal of 10% this quarter as well. Net sales are assessed as temporarily impacting growth over the forthcoming quarters, but I believe that we will create shareholder value in 2019 as well," says Henrik Saxborn, CEO.
"As regards the rental market, I noted in our last report a few signs of weakness, but I still believe in an underlying strength in the rental market, which for Castellum can be seen in our increased occupancy rate and continued rental growth of approximately 5% in the like-for-like portfolio," says Saxborn.
Enclosure: Interim report January-March 2019
This information is information that Castellum is obliged to make public pursuant to the EU Market Abuse. The information was submitted for publication, through the agency of the contact persons set out below, at 8:00 am CET on April 24, 2019.
About Castellum
Castellum is one of the largest listed real estate companies in Sweden. Property values amount to SEK 89.2 billion and holdings comprise office, warehousing/logistics and public sector properties, covering a total leasable area of 4.2 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, 403 14 Gothenburg, Sweden | Corp.Id.no. 556475-5550 | Phone +46 (0)31-60-74-00 | www.castellum.com
For further information contact:
Henrik Saxborn
CEO
Castellum AB
+ 46 (0)31-60-74-50
Ulrika Danielsson
CFO
Castellum AB
+46 (0)706-47-12-61
www.castellum.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Castellum Interim report January-March 2019 | |
https://mb.cision.com/Public/8364/2795050/9e6c10d6925d7b27.pdf | Pressrelease 190424 |
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