Castellum AB (publ) (CAST) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of Castellum's Q1 report. My name is Christoffer Strömbäck, Head of Investor Relations. There will be a Q&A session in the end of the webcast. And if you'd like to ask a question by phone, please dial pound key five on the telephone keypad and ask your questions. Please keep the question few and brief so that everyone has a chance to ask. Let's start. Go ahead Joakim. Thank you, Kristoffer. Good morning everyone and welcome to this presentation of our Q1 results. As you are fully aware of the last months, the financial markets have once again been more volatile and following larger uncertainty with regards to global trade, the US tariffs and subsequent countermeasures from Chinese tariffs. It is difficult to predict how this will translate into the Nordic economies and more specifically into our tenants. But we are humble, also optimistic. As you may have noticed, we are very active on the leasing market and have announced some significant contracts. More on that later. We have a strong financial position and have capacity to invest in attractive opportunities. So far, we have invested in our existing portfolio and increased the pace within project development but also increased our position in Entra. During the quarter, we have announced that we are starting the Infinity project in Hagastaden in Stockholm, where we are developing some 20,000 square meters top-class office space in one of the most vibrant areas of Stockholm. During the quarter, we have also decided to start a logistics project in Bruna outside Stockholm with a total investment volume of 229 million. After the end of the period, we have also announced an investment of 200 million in Jönköping, coupled with a good 20 year lease with the hotel chain Scandic....