Wallenstam sells to Samhällsbyggnadsbolaget i Norden AB

Wallenstam has today signed an agreement to sell six properties to Samhällsbyggnadsbolaget i Norden AB (”SBB”). The properties are located in Sundbyberg and in Gröndal, Stockholm and are being sold at an agreed property value of SEK 1,150 million.

“In Sundbyberg, we are investing in our urban development project Umami Park where we are constructing about 1,000 apartments. We have now decided to sell our two other properties in Sundbyberg which we have owned for a long time, where we have carried out extensive technical renovations and it feels good to now pass the baton to a secure and stable property owner such as SBB. Sundbyberg is an exciting municipality and we would like to build even more there in the future,” says Mathias Aronsson, Regional Director Stockholm and Uppsala and Vice CEO of Wallenstam.

The following properties are included in the transaction with SBB:

  • Sundbyberg Fjällnäset 14 with the address Högklintavägen 9-11
  • Sundbyberg Lärkan 14 with the address Kolonivägen 2-4/Skogsbacken 1-3/Tulegatan 8-14/Ängsstigen 1-7
  • Stockholm Barlasten 4 with the address Fågelsångsvägen 17
  • Stockholm Barlasten 6 with the address Fregattvägen 4-8
  • Stockholm Barlasten 8 with the address Fågelsångsvägen 1
  • Stockholm Galjonsbilden 28 with the address Matrosbacken 15

All the properties are residential properties. The two properties in Sundbyberg comprise about 12,500 sq m of residential, 7,000 sq m of commercial and 10,000 sq m of garage space. The four properties in Gröndal, Stockholm mainly comprise residential space of about 6,000 sq m in total, as well as 1,000 sq m of commercial and 500 sq m of garage space.

The agreed property value for all six properties, which are all being sold through company transactions, amounts to SEK 1,150 million. Wallenstam will vacate the properties on January 31, 2022.

For further information, please contact:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. +46 705 17 11 34

Mathias Aronsson, Regional Director Stockholm and Uppsala and Vice CEO of Wallenstam, tel. +46 706 48 04 72

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.

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