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Wallenstam agrees to sell newly constructed residential property at Gardet in Stockholm for SEK420m.

NORDIC BUSINESS REPORT-June 19, 2020-Wallenstam agrees to sell newly constructed residential property at Gardet in Stockholm for SEK420m

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Property company Wallenstam AB (STO:WALLB) announced on Thursday the signing of an agreement to sell a new construction project in the New York block at Gardet in Stockholm for approximately SEK420m.

The buyers are 14 companies within the Lansforsakringar Group, which are scheduled to take possession of the property when it is completed on 15 December 2020.

Wallenstam's New York construction project consists of 50 apartments and two business premises and is located next to Lansforsakringar's office in Stockholm.

The building, with the property designation New York 9 and address Sandhamnsgatan 1A & Vartavagen 68-70, is being sold through a legal entity.

As part of the agreement, Wallenstam will be responsible for the technical management for a period of two years from the vacation date.

(EUR1.00=SEK10.56)

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Publication:Nordic Business Report
Geographic Code:1U2NY
Date:Jun 19, 2020
Words:166
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