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Castellum 2021 in brief

Market comments

The economic framework

The world recovered rapidly after the pandemic year of 2020. But the danger is not yet over. The robust recovery that was predicted during the summer is now beginning to lose some momentum. Record-high levels of indebtedness around the world complicate matters, and limit the scope for economic policy manoeuvres going forward. The property market experienced robust development throughout the pandemic, and Castellum has strengthened its position in the property market, especially through the acquisition of Kungsleden.

PROPERTY HOLDINGS, LISTED PROPERTY COMPANIES

Source: Q3 2021 reports from the respective companies. Refers to companies with a property value of MSEK >3,000

Rental market - offices

In the locations where Castellum conducts operations, the market has shown resilience to the coronavirus crisis and demonstrated stable market rents. The coronavirus crisis has meant a certain impact on vacancy levels in the major cities. Predictions are that the increase in vacancy levels is transitory, and will return to low levels over the coming 12-month period. It can also be stated that Castellum went into the coronavirus crisis with historically low vacancy levels and record-high rental levels in all markets, at the same time as the company continues to offer office space at favourable levels.

Rental market - logistics

The logistics markets is developing rapidly as a result of major changes in purchasing patterns, driven by the digitalisation that received an extra boost from the pandemic. Castellum, which has long been oneof Sweden’s largest players in logistics properties, has a firm logistics presence in all of its strategic locations. The property advisory company Colliers, in its Logistics Report 2021, points out that the trend in logistics rents over time has been stable. They predict that this will continue despite a high level of new production, given the significant demand for logistics space.

Case: The Port of Gothenburg

The Port of Gothenburg and Castellum have partnered to develop the Halvorsäng district into a leading logistics hub in the Nordic region.