Note 8 Leasing cost/Ground rent

Site leasehold fees including leasing fees for 2020 totalled MSEK 18 (22), of which almost half the amount relates to Greater Stockholm. Site leasehold fee is the annual fee paid to the municipality by the owner of a building on land owned by the municipality. The fee is currently calculated in such a way that the municipality receives a fair real interest rate based on the estimated market value of the site. The site leasehold fee is spread over time and is mostly renegotiated at intervals of 10 to 20 years. At year-end 2020, Castellum had 55 (51) properties with site leaseholds. Existing site leasehold agreements mature relatively evenly over the next 60 years. In most cases, when notice of termination is given for a site leasehold agreement, the property owner (the municipality) is to compensate Castellum for buildings, etc. There are, however, a few agreements where the municipality can demand that the land be restored.

 

 

Group

 

Parent Company

Future contractual site leasehold fees

 

2020

 

2019

 

2020

 

2019

Contractual site leasehold fees year 1

 

18

 

15

 

 

Contractual site leasehold fees between years 2 and 5

 

66

 

54

 

 

Contractual site leasehold fees later than 5 years

 

297

 

230

 

 

Total

 

381

 

299

 

 

In addition, interest costs for leases totalled approximately MSEK 2 (4) attributable to leases in United Spaces, the wholly owned co-working company.