Wallenstam Obtains Land Reservation to Develop Ropsten

GÖTEBORG, Sweden--()--Regulatory News:

Wallenstam (STO:WALLB) has obtained a land reservation to develop the district next to Lidingöbron (Lidingö Bridge) in Ropsten, Stockholm. The land reservation, which covers a long and narrow plot of land directly north of the bridge on the Stockholm side, gives Wallenstam the exclusive right to negotiate on land allocation agreements for the site. Prior to this, a number of investigations need to be carried out, among other things. The district may include at least 65,000 square metres (gross floor area) with apartments, offices, retail space and parking.

The area is part of the Norra Djurgårdsstaden urban development area. This includes part of the properties Hjorthagen 1:3 and Ladugårdsgärde 1:9. The areas next to Lidingöbrön in Ropsten will be developed into a dense city environment. A bus terminal for buses to Lidingö will be located here and a connection will be built to the Stockholm metro so that travellers can walk over Bobergagatan from the metro to the bus.

“Of course this is in a very early phase and it is a complex project with huge potential for exciting urban development. We are very happy to have this opportunity to develop this city district together with the City of Stockholm, the Stockholm County Council and SL. We will also be able continue our involvement in Norra Djurgårdsstaden where we have already built rental apartments,” says Mathias Aronsson, Deputy CEO, Wallenstam.

The project will develop a future hub for public transport while creating a retail centre with services for travellers, residents and those working in the area.

“We want to create a lively and pleasant city district which is active during the day as well as in the evening by providing new homes, a lively retail centre and a well-functioning public transport hub,” says Aronsson.

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 December 11, 2015 at 08.00 CET.

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 7,400 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 and its wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.

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Contacts

Wallenstam AB (publ)
Elisabeth Vansvik, Director of Communications
tel. 46 31-20 00 00 or 46 705-17 11 38
www.wallenstam.se

Contacts

Wallenstam AB (publ)
Elisabeth Vansvik, Director of Communications
tel. 46 31-20 00 00 or 46 705-17 11 38
www.wallenstam.se