Balder builds tenant-owner’s apartments at Östermalm in Stockholm

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At Östermalm in Stockholm, there are many really beautiful residential properties. Generally speaking, they were constructed more than 100 years ago. Now Balder is going to create something similar with the highest quality in an entirely new residential property on one of the remaining sites in Östermalm.

“Balder is realising many building rights for housing in the Nordic countries. When we got the chance to acquire, what in reality is a site, in one of Stockholm’s best locations, we saw it as an interesting opportunity,” says Balder’s CEO Erik Selin.

Balder intends to construct a property of about 5,500 sqm, which will contain 28 tenant-owner’s apartments, approx. 300 sqm of commercial premises and parking in the basement. The building permit was approved last week, so Balder can now take the next step to realise this great project. 

“Our mission is to create the best, which means that we want to combine stylish architecture with exceptional functionality. To realise our goals, we have put together a dedicated team of engaged and experienced people, which will be a guarantee that we will achieve our objective,” says Thorsten Åsbjer, senior Vice CEO of Balder.

Balder has commissioned Skeppsholmen Sotheby´s to be responsible for the sale of the tenant-owner’s apartments. For more information about the project, please see Skeppsholmen Sotheby´s webbsite or Balders webbsite.

For additional information, please contact:
CEO Erik Selin, +46 706 07 47 90 or
Senior Vice CEO Thorsten Åsbjer, +46 706 53 39 10

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 152 billion (143.7) as of 31 December 2020. 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