Wallenstam sells in Tyresö

Wallenstam has today signed an agreement to sell two residential properties in Tyresö for an agreed property value of just over SEK 1 billion.

“Wallenstam has 2,200 apartments in production and this number is expected to increase during next year. We now had the opportunity to divest both of these properties and thereby release resources for additional new construction. The transaction adds a significant amount to equity,” says Hans Wallenstam, CEO.

The property Tyresö Järnet 12, address Axel Wennergrens väg 1/Bollmora gårdsväg 20-24, with 54 apartments, comprises about 2,400 sq m of residential and 200 sq m of commercial space. The property Tyresö Järnet 13, address Axel Wennergrens väg 3-19, with 221 apartments, comprises about 10,300 sq m of residential, 100 sq m of commercial and 3,200 sq m of garage space. 

The agreed property value for both of the properties, which are being sold through company transactions, amounts to just over SEK 1 billion. Closing is expected to take place on December 22, 2021.

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 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.