Castellum's first quarter 2011: Increased investment pace

  * Rental income for the period January-March 2011 amounted to SEKm 717 (SEKm
    674 corresponding period previous year).
  * Income from property management amounted to SEKm 250 (234), corresponding to
    SEK 1.52 (1.43) per share, an increase with 6%.
  * The changes in value on properties amounted to SEKm 97 (46) and on interest
    rate derivatives to SEKm 171 (-53).
  * Net income after tax for the period amounted to SEKm 394 (173), equivalent
    to SEK 2.40 (1.05) per share.
  * The investments amounted to SEKm 522 (255) of which SEKm 244 (172) were new
    construction, extensions and reconstructions and SEKm 278 (83) acquisitions.


The net leasing during the first quarter of the year amounted to SEKm 21 (2).
The gross leasing during the period were SEKm 75 (69), of which SEKm 12 (10)
were leasing on new construction, extensions and reconstructions. Notices of
termination amounted to SEKm 54 (67), of which bankruptcies were SEKm 4 (3).

"The improved net leasing together with the increased investment pace reflects
the growth in the Swedish economy and above all the growth in employment"
comments CEO Håkan Hellström.


Enclosure: Interim Report January-March 2011


For further information, please contact
Håkan Hellström, CEO, phone +46 31 60 74 00 / mobile +46  705-60 74 56
Ulrika Danielsson, Finance Director, phone +46 31 60 74 00 / mobile
+46  706-47 12 61

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 32 billion, and
comprises premises for office, retail, warehouse and industrial purposes with a
total lettable area of approx 3.3 thousand sq.m. The real estate portfolio is
owned and managed by six wholly owned subsidiaries with strong local roots in
five growth regions: Greater Gothenburg, the Öresund Region, Greater Stockholm,
Mälardalen and Eastern Götaland.
Castellum is listed on NASDAQ OMX Stockholm AB Large Cap.

Castellum AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.

[HUG#1507606]
Castellum's first quarter 2011: Increased investment pace and improved net leasing

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