Wallenstam
- Company typePublic
- Founded1944
- HeadquartersStockholm, Sweden
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
Wallenstam firmographics
Firmographics- Name
- Wallenstam
- Legal name
- Wallenstam AB (publ)
- Website
- https://wallenstam.se
- Company type
- Public
- Founded year
- 1944
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Wallenstam industry classification
Industry- Product category
- Residential and Commercial Real Estate / Property Management
- NAICS
- Residential Property Managers (531311)
- SIC
- Real Estate (6500), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Tenant/Visitor Access & Badging Support (BPABAEAD)
Keywords
Where Wallenstam is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices3 records
Markets served
Wallenstam business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Residential Property Rental: Rental income from approximately 12,800 apartments in Gothenburg, Stockholm, and Uppsala. Revenue is recurring monthly rent payments with high occupancy rates of 97%.
- Commercial Property Rental: Rental income from approximately 900 commercial tenants including offices, retail, and restaurant spaces concentrated in Gothenburg's inner city.
- Property Development and Sales: Development properties constructed with the intention of being divested upon completion, generating one-time transaction revenue.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Wallenstam product offering
Product offeringCore offering
Wallenstam is a Swedish property company that owns, develops, and manages a portfolio of approximately 12,800 residential rental apartments and 900 commercial spaces across Gothenburg, Stockholm, and Uppsala. The company generates recurring rental income from its investment properties (SEK 65 billion portfolio value) and supplemental one-time revenue from the development and sale of newly constructed properties. Tenant services are delivered through a housing queue allocation system, regional letting offices, and the Wallenstam mobile app.
Product overview
Wallenstam is a Swedish property company operating as a single unified property management and development platform. The core offering consists of residential property management (approximately 12,800 rental apartments in Gothenburg, Stockholm, and Uppsala) and commercial property management (office and retail spaces concentrated in Gothenburg's inner city). Supporting these are new construction development operations, with notable projects including the Sergelskrapan renovation in Stockholm and Valvet property in Gothenburg. The company previously operated wind energy assets but divested these in 2026. A digital tenant services layer is provided through the Wallenstam App.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Property Management Long-term rental of approximately 12,800 residential apartments across Gothenburg, Stockholm, and Uppsala, making Wallenstam one of Sweden's largest private-sector landlords. Apartments are allocated to a housing queue of approximately 120,000 registered seekers.
- Commercial Property Management Leasing of office, retail, and restaurant space to approximately 900 commercial tenants, primarily in Gothenburg's inner city locations including along the Avenyn and Inom Vallgraven. Notable tenants include the City of Gothenburg, Filmstaden, Essity Hygiene and Health AB, and Gothenburg Regional Archives.
- New Construction Development Development and construction of new residential properties for both long-term ownership and divestment, with 1,013 apartments under construction as of Q4 2025. The Nacka Grace property was completed and awarded Sweden's Finest New Construction (2025) before divestment.
- Sergelskrapan Renovation Comprehensive renovation of the iconic 18-story office building in Stockholm's city center, with 609 sq m per office floor and occupancy expected from Q1 2028. The renovation modernizes the building while preserving its characteristic appearance.
- Valvet Property Modern office and retail destination at Östra Hamngatan 23 in Gothenburg, preserving historic architecture while creating energy-efficient premium commercial spaces, with Handelsbanken having relocated to renovated premises on the top two floors.
- Wallenstam App Mobile application for residential tenants providing community features (approximately 700 posts monthly in the community section), fault reporting, and communication tools. Available on iOS App Store and Google Play.
Quantifiable outcome
- 97% occupancy rate (lettable area)
- +3 more outcomes
Companies that use Wallenstam
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Wallenstam technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Wallenstam partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered major, core and minor.
- Locus EnergymajorWallenstam agreed to sell 53 wind turbines with combined installed capacity of 112 MW to Locus Energy for SEK 830 million (USD 87.0m/EUR 75.4m), pending approval from Sweden's Inspectorate of Strategic Products. The companies also announced a joint development project to create technology-based tools for structuring electricity price agreements tailored for property companies.
- ZenguncoreZengun and Wallenstam signed a partnering agreement for the renovation of Sergelskrapan, a landmark building in Stockholm. Work started immediately and is expected to last around two years. The renovation includes modernizing the building while preserving its characteristic appearance, with an order value of approximately SEK 380 million.
- CicerominorWallenstam issued a SEK 400 million green bond to finance wind turbines. The bond was rated Dark Green by Cicero, supporting renewable energy projects. The bond has maturity of 1.5 years and is listed on Nasdaq Stockholm.
Scale indicators14 records
Recent moves6 records
Expansion highlights5 records
Wallenstam competitors and assessment
Company assessmentRegional players
- Catena: Catena is a Swedish logistics and commercial real estate company operating across the Nordics. Listed-REIT structure and Swedish commercial focus are comparable, though its logistics tilt differentiates it from Wallenstam's office/retail tilt.
Direct peers
- Heimstaden: Heimstaden is a major Nordic residential real estate company with a large Swedish rental apartment portfolio. Direct competitor to Wallenstam in Swedish residential rentals, with overlapping tenant base and similar utility-value rent exposure.
- Kungsleden: Kungsleden is a Swedish listed real estate company owning and managing commercial and residential properties across Swedish growth markets. Similar in scale, listed-REIT structure, and focus on Swedish metros.
- Vasakronan: Vasakronan is Sweden's largest commercial property company, focused on office and retail in prime locations including Stockholm and Gothenburg. Direct competitor in commercial letting, with similar focus on sustainability certifications and long-term ownership.
- Hufvudstaden: Hufvudstaden owns and manages premium commercial properties in central Stockholm and Gothenburg. Overlaps with Wallenstam in inner-city commercial leasing, particularly in Gothenburg, and shares a similar long-term ownership philosophy.
- Sveafastigheter: Sveafastigheter is a Swedish residential real estate company focused on rental apartments in Swedish growth regions. Comparable in residential rental model, geographic exposure, and tenant management approach.
- Balder: Balder is one of Sweden's largest listed real estate companies with diversified residential and commercial exposure across Swedish metros. Closely comparable in scale, strategy, and listed-equity profile, operating in the same geographies including Gothenburg and Stockholm.
- Fabege: Fabege is a Stockholm-focused commercial property company with a portfolio concentrated in the Stockholm CBD. Directly comparable in commercial letting, urban office strategy, and Swedish listed-REIT structure.
- Castellum: Castellum is a major Swedish commercial real estate company with office, logistics, and mixed-use properties across Swedish growth regions including Gothenburg and Stockholm. Closely comparable in commercial property operations, scale, and sustainability positioning.
Emerging players
- Akelius Residential Property: Akelius owns and operates residential apartments in major European cities including Stockholm. Comparable in residential rental model and Swedish metro exposure, though smaller in Sweden and more internationally diversified.
Market position
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Wallenstam social profiles
Digital presenceWallenstam financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wallenstam leadership team
Management profileNumber of profiles
Profiles6 records
Wallenstam funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wallenstam M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wallenstam
What does Wallenstam do?
Wallenstam is a Swedish property company that owns, develops, and manages a portfolio of approximately 12,800 residential rental apartments and 900 commercial spaces across Gothenburg, Stockholm, and Uppsala. The company generates recurring rental income from its investment properties (SEK 65 billion portfolio value) and supplemental one-time revenue from the development and sale of newly constructed properties. Tenant services are delivered through a housing queue allocation system, regional letting offices, and the Wallenstam mobile app.
Is Wallenstam a public or private company?
Wallenstam is a public company. It is classified as public and is currently operating.
When was Wallenstam founded?
Wallenstam was founded in 1944. It employs 101 to 250 people.
Where is Wallenstam based?
Wallenstam is headquartered in Stockholm, Sweden, in the Europe region.
How does Wallenstam make money?
Three revenue lines are on record. Residential Property Rental is the primary driver. The others are commercial Property Rental and property Development and Sales.
Who are Wallenstam's main competitors?
Catena is listed as a regional player. Direct peers are Heimstaden, Kungsleden, Vasakronan, Hufvudstaden, Sveafastigheter, Balder, Fabege and Castellum. Akelius Residential Property is listed as an emerging player.
Does Wallenstam have an API?
No public API is recorded for Wallenstam.
What industry is Wallenstam in?
Wallenstam's product category is Residential and Commercial Real Estate / Property Management. Its primary akta.pro industry code is BPABAEAD, Tenant/Visitor Access & Badging Support. Its NAICS code is 531311 and its SIC code is 6500.