Events during the fourth quarter, 2023
During the quarter, Wallenstam completed a number of new lets of commercial premises, which reflects the continued strong demand in central Gothenburg. 82 apartments have been completed in the Kompositören project in Uppsala. All in all, Wallenstam had 1,081 apartments under construction as of December 31, 2023.
Demand for commercial premises in central Gothenburg remains strong and several new lets were completed during the quarter. Some examples include the University of Gothenburg (about 3,700 sq m), Falck (about 1,100 sq m) and the Rescue Mission (about 700 sq m).
During the quarter, Wallenstam completed 82 apartments in the Kompositören project in Uppsala. Wallenstam had 1,081 apartments in total under construction as of December 31, 2023.
Wallenstam has sold the property New York 8, with 40 apartments in Stockholm, to a housing cooperative established by the tenants for a purchase price of SEK 160 million. Vacation occurred on October 6, 2023.
On November 1, 2023, Wallenstam vacated the recently constructed development property Kvarngärdet 71:1, comprising 98 apartments in Uppsala. The property was part of the transaction, which was carried out in summer 2021 with ASPER, where the then project property with the project name Bersån was under construction and according to the agreement would be vacated after approved final inspection and final clearance.
For further information, please contact:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. +46 31 20 00 00 or +46 705 17 11 34
www.wallenstam.se
Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around SEK 63 billion and the customer base consists of around 12,000 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable electrical energy through its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.