Wallenstam sells commercial property on Hisingen

Wallenstam sells commercial property on Hisingen Wallenstam has agreed to sell a 3.467 m² commercial property on Hisingen in Gothenburg for SEK 33 million, which is equivalent to more than 9.500/m². The sale will generate a capital gain of about SEK 10 million and an estimated direct return of 6%. Gothenburg, 28 December 1998 Lennart Wallenstam Byggnads AB (publ) For further information, please contact Thomas Dahl, Director of Marketing and Information, phone +46 31 200 000 or +46-(0)705 171 142. Wallenstam was founded in 1944 and, with more than 10,000 apartments in its portfolio, is one of the largest residential property companies on the Stockholm Stock Exchange. With floor space totalling about 1,000,000 m2 and a market value of about SEK 1 billion, Wallenstam is also one of the largest listed property companies in Sweden ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/12/28/19981228BIT00300/bit0001.doc http://www.bit.se/bitonline/1998/12/28/19981228BIT00300/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.