Regulatory News:
Castellum (STO:CAST) will consolidate all group companies under the
Castellum brand and establish a new structure for its operations. The
six subsidiaries will become four regions: West, Stockholm, Central and
Öresund. Efforts will be initiated in parallel with this to create a
more uniform organisation, shared support functions and qualitative,
efficient support processes. Castellum will also launch several
strategic initiatives to develop next generation cities.
”We are now taking Castellum to the next level and setting the structure
for our continued growth. This change will strengthen our local
decision-making power and speed, while also taking better advantage of
our size and market trends in order to grow, develop our business and
deliver value to our shareholders,” says Henrik Saxborn, CEO of
Castellum AB.
Group structure will be simplified by reorganising the six subsidiaries
into four regions:
· Eklandia Fastighets AB and Harry Sjögren AB will be consolidated to
form the West Region within Castellum, to be led by Cecilia Fasth.
· Fastighets AB Corallen and Aspholmen Fastigheter AB will be
consolidated to form the Central Region within Castellum, to be led by
Claes Larsson.
· Fastighets AB Brostaden will become the Stockholm Region within
Castellum, to be led by Anders Nilsson.
· Fastighets AB Briggen will become the Öresund Region within Castellum,
to be led by Ola Orsmark.
The common brand and simplified structure will generate business
opportunities by improving clarity in contacts with customers,
suppliers, current and potential employees and other external
stakeholders. Local focus will be strengthened by giving the local
business area managers a more prominent role, and changes in customer
needs will be met by developing shared specialist functions, thereby
leveraging the group’s size.
Claes Junefelt, former CEO of Fastighets AB Corallen, will remain
Castellum’s Head of Project Development within the Central Region.
Christer Sundberg, former CEO of Harry Sjögren AB, will retire this
spring as previously announced.
The new group structure and the common brand will be established during
2016. Changes will be preceded by union negotiations.
Castellum AB (publ) publishes this information in compliance with the
Swedish Securities Market Act and/or the Swedish Act on Trading in
Financial Instruments.
www.castellum.se
Castellum is one of the major listed real estate companies in Sweden.
The fair value of the real estate portfolio amounts to approx. SEK 42
billion, and comprises premises for office, retail, warehouse and
industrial purposes with a total lettable area of approx 3.4 million
sq.m. Castellum owns and manages properties in growth regions in Sweden
and Denmark. In 2015, Castellum sustainability performance was awarded
two top distinctions: the World Green Building Council’s award Business
Leadership in Sustainability and “Green Star 2015” by GRESB. This means
that Castellum is one of the highest ranking companies in the world in
the real estate sector. The Castellum share is listed on Nasdaq
Stockholm Large Cap.
Castellum AB (publ), Box 2269, SE-403 14 Gothenburg | Org nr/Corp Id no
SE 556475-5550 | Tel +46 31 60 74 00 Fax +46 31 13 17 55
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