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Press release

WALLENSTAM: Wallenstam sells commercial properties in Gothenburg

Wallenstam

Wallenstam has signed an agreement for the sale of four commercial properties with related development opportunities in Gothenburg. The buyer is Safjället Fastigheter AB through subsidiaries.

"It is really great to once again do a transaction with P-G Persson! Safjället Fastigheter feels like the right player to pick up the baton in order to refine and develop the properties further. For Wallenstam, the focus will be to continue developing our commercial properties and areas in Gothenburg CBD," says Hans Wallenstam, CEO Wallenstam.

"Since we started Safjället Fastigheter in September, I have met many colleagues in the sector and have been actively looking for properties with both cash flow and development opportunities in Gothenburg and Mölndal. That such a meeting with Hans and Erik at Wallenstam would lead to a billion-krona deal for Safjället Fastigheter feels really incredible. For me personally, it is also extra special to once again do a large property transaction with Wallenstam. With the acquisition from Wallenstam, Safjället Fastigheter will get a perfect base of properties in attractive locations that we can develop further and it also gives us a property portfolio to build a future organization in the company for," says P-G Persson, CEO Safjället Fastigheter.

The four properties comprise approximately 31,300 sq m in total, mainly office space, and are being sold through four company transactions for an agreed property value totaling SEK 1,250 million. Vacation will occur on February 3, 2025.

The following properties are included in the agreement:

  • Göteborg Gårda 18:22 with address Drakegatan 5 & 7 comprises approximately 12,600 sq m in total.
  • Göteborg Gårda 20:1 with address Fabriksgatan 15/Gårdavägen 1 comprises approximately 4,900 sq m in total.
  • Göteborg Gårda 22:24 with address Fabriksgatan 26/Vädursgatan 5 comprises approximately 10,600 sq m in total.
  • Göteborg Högsbo 5:7 with address A Odhners gata 6/Olof Asklunds gata 25 comprises approximately 3,200 sq m in total.
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