Wallenstam Vacates the Property Oskar II 11 in Helsingborg

Regulatory News:

The property Oskar II 11 is being vacated as of today’s date as part of the agreement concluded with Willhem in December 2015 on a gradual acquisition by the company of Wallenstam’s (STO:WALLB) properties in Helsingborg. The agreed property value was SEK 142 million, which is line with the valuation, and the lettable area amounts to 4,905 square meters.

"The property Oskar ll 11 is the first property we are surrendering to Willhem as a result of our agreement. It feels great and secure to pass the baton to a first-rate player that will take things forward in the best way,” says Hans Wallenstam, CEO of Wallenstam.

The property Oskar II 11 is located at Drottninggatan 17/Roskildegatan 4-6 in Helsingborg.

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 33 billion and the customer base consists of just over 7,500 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.

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