Castellum AB (publ) (OTCPK:CWQXF) Q4 2024 Results Conference Call February 19, 2025 3:00 AM ET
Company Participants
Christoffer Stromback – IR
Joacim Sjoberg – CEO
Jens Andersson – CFO
Conference Call Participants
John Vuong – Kempen
Lars Norrby – SEB
Erik Granström – Carnegie
Paul May – Barclays
Neeraj Kumar – Barclays
Jonathan Kownator – Goldman Sachs
Joacim Sjoberg
Good morning, and welcome to our presentation of the Q4 and the full year results for 2024. It is a crisp and clear winter morning today, but spring is around the corner, and we can feel it. So as we have stated before, we are now — we now have the financial strong position and are investing in attractive opportunities, both investing in the existing portfolio, product developments and acquisitions. The last days, we have been quite active and announced a couple of important transactions and events. I will briefly comment on them now, and then, we will talk more about them during the presentation.
Yesterday, we announced that we are starting a new project in Stockholm. It’s called Infinity, and it’s located in Hagastaden. We are developing 20,000 square meters top-class office space in one of the most vibrant areas of Stockholm. The total investment volume is about SEK 1.7 billion.
And last week, we also announced that we have acquired more shares in Entra, and thereby, passing the 1/3 threshold, which means an obligation to present the mandatory offer for the remaining shares. As we have said many times before, we really like Entra, the assets, the market, the management, and that the share price at which we are now — as where we now have acquired shares and made a mandatory offer at NOK 110.4. We think it’s a really attractive investment.
And we are also happy that
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