Balder acquires building rights in Solvallastaden Stockholm

Balder continues its focus on urban development in Stockholm.

In an agreement with Stockholms Travsällskap as selling parts Balder has acquired future building rights of some about 83 000 sqm, corresponding to six blocks of housing and commercial premises for both commerce and local service.

Solvallastaden is a new urban development area where Stockholms Travsällskap and the city of Stockholm intend to build 1 700 – 2 200 apartments along with pre-schools, school and commercial premises. Balder will now begin the work with the zooning plan, which is expected to be completed in 2021. The same year as the new commuter train station will connect to the area.

-          We are proud to have gained confidence from Stockholms Travsällskap to be a part of the realisation of Solvallastaden. Our ambition is that this will become one of the most exciting districts throughout the region, says Erik Selin, CEO of Balder.

The aerial illustration is created by White and ETTELVA Arkitekter. The block area illustration is created by ETTELVA Arkitekter.

For further information, please contact:
CEO Erik Selin, tel. +46 706 074 790 or
Head of finance Marcus Hansson, tel. +46 768 36 98 48

Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 114.5 billion (92.9) as of 30 September 2018. The Balder share is listed on Nasdaq Stockholm, Large Cap. 

Fastighets AB Balder (publ)
PO Box 53 121, 400 15 Gothenburg
Tel: +46 31 10 95 70
Corporate Identity No. 556525-6905, Registered office Gothenburg
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