Wallenstam starts commercial segment in CBD Stockholm and buys the scraper next to Sergels Torg square
Wallenstam has today signed an agreement on the acquisition of the scraper next to Sergels Torg square, number 5 of the Hötorget scrapers, and is thereby starting a new venture in the commercial segment in Stockholm’s CBD. Our vision is to refine and modernize this iconic building both internally and externally, and create attractive premises with amazing views over central Stockholm.
“We have been waiting for the right property and the right opportunity to enter the commercial market in Stockholm. The acquisition of the scraper next to Sergels Torg will be a fantastic starting point for our new venture in the commercial segment in Stockholm’s CBD. Apart from residential properties in both Stockholm and Gothenburg, we have commercial holdings mainly in Gothenburg’s CBD,” says Hans Wallenstam, CEO.
The property now being acquired from AMF Fastigheter will be refined and modernized both internally and externally, to create very attractive premises for offices, retail and restaurants.
“For many years, AMF Fastigheter has been a leader in creating Stockholm’s most attractive urban environments. It feels like an honor to refine and modernize this unique building and site in the same spirit. Our vision is to create a diamond out of Stockholm’s perhaps most iconic office property. There will be fantastic, attractive offices available for those tenants that wish to be located in a spectacular property, which commands a view over the whole of central Stockholm,” says Hans Wallenstam.
“The 5th Hötorget scraper is a historically significant symbol of Stockholm, and will play an important role in the future as well. Handing over to a skillful urban and site developer such as Wallenstam therefore feels completely right,” says Thomas Erséus, CEO AMF Fastigheter.
The Stigbygeln 5 property consists of 21 floors with total floor space of just over 16,000 sq m. The purchase price for the property is based on a property value of SEK 2.8 billion and taking of possession will occur in January 2025.
For further information, please contact:
Elisabeth Vansvik, Communications Director Wallenstam AB, tel. +46 705 17 11 38
Susann Linde, CFO and Head of Investor Relations Wallenstam AB, tel: +46 705 17 11 34
www.wallenstam.se
This is information that Wallenstam is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 11:50 CEST on October 10, 2024.
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 64 billion and the customer base consists of around 12,200 households and 1,000 enterprises. The total lettable area is around 1.4 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.
