January 8, 2020 - Assignment

Castellum signs off on the Säve Airport acquisition

Castellum and Serneke have agreed that Castellum will sign off on its commitment to an additional consideration for Säve Airport through an advance lump-sum payment of approximately MSEK 300, after deduction for deferred tax of approximately MSEK 60.

The move provides Castellum with full command to develop this area of nearly 3 million square metres of property, and the transaction also means that Castellum increases Säve land ownership by 200,000 sq.m, and assumes responsibility for decontamination of possible pollutants.

Castellum was advised by Mannheimer Swartling in the transaction.