Willhem acquires Wallenstam’s properties in Helsingborg

Wallenstam and Willhem have entered into agreements that Willhem will gradually acquire Wallenstam’s properties in Helsingborg. The agreements cover approximately 380 rental apartments in total, of which almost half are under construction. The estimated property value on completion will be about SEK 1.3 billion in total.   

The portfolio in question consists of existing properties as well as properties under construction, and contains both apartments and premises. All have central and attractive locations in Helsingborg Municipality.  

Willhem will take possession of the properties after they have been completed and occupation has taken place. The properties will thus be taken into possession in stages during 2016-2017.

“We have decided to focus our operations on the Gothenburg and Stockholm regions including Uppsala, so we are delighted about the cooperation with Willhem. This means that we can entrust the properties to a secure and long-term owner with extensive experience of rental properties. We are now passing on the baton we have held since 1986 to a fine company with the ability to move forward in the best way,” says CEO Hans Wallenstam.

“We are very pleased to have received the opportunity to acquire such fine properties. They are real pearls, which will be an excellent addition to our existing portfolio in Helsingborg. We have identified Helsingborg as an attractive location for us to grow in, so the transaction is completely in line with our long-term ambitions,” says Mikael Granath, CEO of Willhem.

The transaction includes the properties Oskar II 11, Pål Ibb 21, Vildvinet 1, 3 and 4 as well as Skäran 1.

Wallenstam AB (publ) is required to make this information public under the provisions of the Swedish Financial Markets Act and the Swedish Financial Instruments Trading Act. The information was made publicly available on 11 December 2015 at 11:50 CET.                      

For more information:
Elisabeth Vansvik, Director of Communications Wallenstam AB (publ) tel. 46 31-20 00 00 or 46 705-17 11 38

www.wallenstam.se

Wallenstam is a growing property company that manages, builds and develops properties for sustainable living and enterprise in Gothenburg and Stockholm. The property holding is valued at around SEK 30 billion and the customer base consists of just over 7,300 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through the company Svensk NaturEnergi. The company’s B shares have been listed on Nasdaq Stockholm since 1984.