Transactions and land allocations during the third quarter, 2019
During the third quarter, Wallenstam vacated the property Inom Vallgraven 20:9 with the address Östra Hamngatan 39 / Kungsgatan 52 in central Gothenburg. Wallenstam also obtained a land allocation in Stockholm.
The land allocation relates to about 120 rental apartments on Solleftegatan in Råcksta in the City of Stockholm.
The property Inom Vallgraven 20:9, which was vacated on September 24, 2019, was constructed in 1804 and was reconstructed and renovated by Wallenstam. The three floors contain about 1,800 sq m in total of commercial floor space where the H&M group’s chain store ARKET has been a tenant since September 2018. The property is being sold via a company transaction to Ramsbury Property AB, and the agreed property value amounts to SEK 215 million.
For further information:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. 46 31 20 00 00 or 46 705 17 11 34
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 49 billion and the customer base consists of around 9,000 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.