Wallenstam buys commercial and sells residential

Wallenstam buys commercial and sells residential Wallenstam has increased its commercial property holdings by purchasing the so-called Turion Building on Södra Gubberogatan, Gothenburg. The property consists of 15,800 m2 of floor space and the take-over date is 01-10-1999. The purchase sum is about SEK 95 million (about SEK 6,000/m2). The property contains mainly office space of which about 70% is currently occupied. At the same time, Wallenstam has sold refurbished residential properties on Södra vägen 71 and Lasarettgatan 7 in Gothenburg. The selling price is SEK 55.8 million, which corresponds to about SEK 11,900/m2. This price is at the same level as the Company's own valuation of the properties. The new owner will take over the property on 01-10-1999. Lennart Wallenstam Byggnads AB (publ) Gothenburg, 1 September, 1999 For further information, please contact Thomas Dahl, Director of Marketing and Information, phone +46 31 200 000 or +46 705 171 142. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/09/06/19990906BIT00070/bit0001.doc http://www.bit.se/bitonline/1999/09/06/19990906BIT00070/bit0002.pdf

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.

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