Buys Turitz Building in Gothenburg

Wallenstam has bought the so-called Turitz Building, Gamlestadsvägen 3 in Gothenburg for SEK 42.5 million from SPP. The property consists of about 26,100 m2 of floor space, most of which is office premises and a small proportion storage space. More than 80 per cent of the property is vacant. Wallenstam will take over on 17 August, 1998. Thomas Dahl, Director of Marketing and Information at Wallenstam, comments on the purchase as follows: "In view of the fact that Wallenstam has a rental level of 97.5 per cent in its commercial premises and that discussions with interested parties have already been initiated, we feel that this acquisition has considerable potential." Gothenburg, 23 June, 1998 Lennart Wallenstam Byggnads AB (publ) For further information, please contact Thomas Dahl, Director of Marketing and Information, phone +46 31 200 000.

About Us

Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holdings are valued at around SEK 40 billion and the customer base consists of about 7,700 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through the company and its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.