Castellum divests portfolio of 214 real properties
Castellum enters into two master transfer agreements to divest a portfolio of 214 properties comprising primarily of warehouse/logistics and light industry segments in Sweden, to Arckle Holdco S.à r.l., a company affiliated to funds managed by The Blackstone Group (“Blackstone”). The net proceeds for the portfolio amount to SEK 18.1 billion. The sale will occur in two tranches with a first tranche of 39 properties for net proceeds of SEK 5.0 billion, followed by sale of the second tranche, which is conditional upon completion of Castellum’s revised offer for Entra ASA. In addition, the sale of each tranche is conditional upon a restructuring for separation purposes and upon Blackstone receiving customary competition clearances.
Castellum was advised by Mannheimer Swartling in the transaction.
