- CEO
- Hans Lennart Wallenstam
- Full Time Employees
- 249
- Sector
- Finance
- Industry
- Real estate development
- Address
- Kungsportsavenyen 2 Gothenburg VG Sweden 401 84
- IPO Date
- Jun 1, 1984
- Business
- Wallenstam AB (publ) (WALL-B.ST) operates as a real estate company focused on acquiring, developing, constructing, managing, renting, and selling residential and commercial properties; it also owns and operates 53 wind turbines generating 112 megawatts of renewable energy. The company offers rental apartments and premises in key metropolitan areas including Gothenburg, Stockholm, and Uppsala, Sweden; targets residential tenants, commercial businesses in sectors such as retail, fitness, technology, legal services, and education; and provides services like property modernization, urban development projects, and sustainable energy production. Founded in 1944 and headquartered at Kungsportsavenyen 2 in Gothenburg, Sweden, Wallenstam maintains a portfolio emphasizing customer service, security enhancements, and long-term sustainability across its operations.
In recent developments, Wallenstam sold its Nacka Grace property for SEK 1.822 billion to Folksam Group and KPA Pension in July 2025, with possession transferred in October 2025; signed an agreement for approximately 240 rental apartments in the Forsåker urban development project in Mölndal in June 2025; and commenced construction of 177 apartments in Kallebäcks Terrasser in February 2025. The company appointed Susann Linde as Vice CEO in October 2025, revised its business plan to 2030 targeting a net asset value of SEK 80 per share, and secured multiple new commercial leases in Gothenburg's Inom Vallgraven district, including Sail Racing at Östra Hamngatan 45 (opening summer 2026), Sneaky Steve at Vallgatan 25 (early 2026), and STC gym at Kungsgatan 20 (post-summer 2026). Additional expansions encompass sales of building rights in Mölnlycke Fabriker to OBOS in April 2025, new stores in Makaregatorna and Reningsborg districts, and deepened collaboration with the University of Gothenburg leasing over 5,000 square meters in January 2025.