Castellum and the Port of Gothenburg form a joint venture for the new Nordic logistics hub


GTEBORG, Sweden, June 22, 2021 / PRNewswire / – Castellum has signed a letter of intent with the Port of Gothenburg jointly develop the Halvorsäng region into a leading Nordic logistics hub. The collaboration will be carried out in a partner company where Castellum and the port have equal shares. Castellum invests around 1 billion Swedish kronor in the project.

-It is a collaboration that will benefit Gothenburg competitiveness and create new jobs in the region. We are proud to have been selected and hope for a positive decision from the city council, says Henrik Saxborn, CEO of Castellum.

Castellum was chosen as the port’s partner through a selection process where funding and sustainability were important factors. The aim of the partner company is to jointly develop, design and build logistics properties within Halvorsäng, and then own, manage and lease the premises. A letter of intent has been signed by the parties.

Halvorsäng is located directly north of Skarvikshamnen in an ideal location for the processing of inbound goods discharged through the port of Gothenburg, for further transport across Scandinavia by truck or train. The surface area amounts to approximately 270,000 m². area, of which approximately 155,000 m². is the gross area. The site must be fully developed within 4 years, with an estimated start of the project in 2021. Castellum’s initial investment for 50% of the value of the land is estimated at around 400 SEK-450 million. In addition, Castellum estimates an investment of around 550 million Swedish kronor.

The municipal council of Gothenburg approved the port’s request last week, and the matter will be considered by city council in September.

-It is still early in the process but our absolute intention is to contribute to successful development. Thanks to its proximity to the port and major traffic routes, Halvorsäng has all the qualifications of an ideal location for the sustainable logistics of the future, says Mariette Hilmersson, CEO of Castellum Region West.

For more information please contact:
Henrik Saxborn, CEO of Castellum AB, +46 706-94 74 50
Ulrika Danielsson, CFO Castellum AB, +46 706-47 12 61
Mariette Hilmersson, CEO of the Castellum West region, +46 739-42 09 02

About Castellum
Castellum is one of the largest listed real estate companies in the Nordic region with a land value of approximately 96 billion Swedish kronor. We are active in 14 Swedish growth regions as well as in Copenhagen and Helsinki. Every day, 250,000 people come to work in our premises. We develop flexible workplaces and logistics solutions with a rental area of ​​3.8 million square meters. One of our sustainability goals is to be fully climate neutral by 2030. Castellum is the only Nordic real estate company selected by the Dow Jones Sustainability Index (DJSI). Castellum shares are listed on the Nasdaq Stockholm Large Cap.

Beyond all hope.

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SOURCE Castellum

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