Wallenstam secures land allocation in central Gothenburg

At the real estate committee meeting yesterday, February 6, a land allocation was approved for Wallenstam concerning a property on Smålandsgatan in central Gothenburg. The property is currently utilized by Ullevi Tennis Club and in the future will be able to make way for apartments, offices, retail space, restaurants and tennis courts.  

Two years ago, the real estate office submitted a zoning change application to the town planning department. The intention is to build more offices on the business side that have started to emerge around Ullevi, but also to create a broader use, which apart from tennis will include apartments and different types of business activities.

“We appreciate the confidence that the municipality has placed in us through this land allocation. Apart from ensuring a modern tennis center, we estimate a potential volume of about 17,000 square meters divided into apartments, offices, retail space and restaurants. We are now looking forward to the start of the zoning plan work,” says Thomas Dahl, Vice CEO of Wallenstam.

For more information:
Elisabeth Vansvik, Director of Communications, Wallenstam AB (publ) tel. 46 31 20 00 00 or 46 705 17 11 38
www.wallenstam.se

Wallenstam is a growing property company that manages, builds and develops properties for sustainable living and enterprise in Gothenburg and Stockholm. The property holding is valued at around SEK 35 billion and the customer base consists of around 7,600 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 Svensk NaturEnergi . The company’s B shares have been listed on Nasdaq Stockholm since 1984 .

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About Us

Wallenstam was established in 1944 and is a dedicated property company with about 300 properties in the three major urban areas Gothenburg, Stockholm and Helsingborg. The focus of the Group’s portfolio is residential and commercial properties in Göteborg. The Group’s rental income is more than SEK 1 billion and the value of its property portfolio is just under SEK 13 billion. The Group’s Series B shares have been listed on the Stockholm Stock Exchange since 1984.

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