Wallenstam buys a commercial property in the heart of Gothenburg
Wallenstam has signed an agreement to acquire a commercial property in central Gothenburg for an agreed property value of SEK 1,125 million. The property will be taken into possession on February 1, 2022.
“It feels really great to be able to make an acquisition from Handelsbanken, which we have had close cooperation with for a long time. It is a stable property in the heart of Gothenburg,” says Hans Wallenstam, CEO.
“We are now buying a really excellent property. It contains a large amount of concentrated office space and complements our other holdings in the city, where our commercial portfolio is centered,” says Marina Fritsche, Regional Director Gothenburg and Vice CEO of Wallenstam.
The property Göteborg Inom Vallgraven 15:13 with the address Östra Hamngatan 23-27/Södra Hamngatan 33-35/Drottninggatan 34-36 comprises about 12,000 sq m, of which about 75 percent consists of offices and 20 percent of retail space. The major tenants include Handelsbanken, Naturkompaniet, H&M, and Randstad. The property was built in 1979 and was renovated during 2005-2006.
The property is being sold by Handelsbanken Fastigheter AB through a company transaction for an agreed property value of SEK 1,125 million. Wallenstam will take possession of the property on February 1, 2022.
For further information, please contact:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. +46 705 17 11 34
Marina Fritsche, Regional Director Gothenburg and Vice CEO of Wallenstam, tel. +46 730 78 23 87
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 61 billion and the customer base consists of around 11,000 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.
