Wallenstam has increased its property holdings in Göteborg by acquiring
27 properties from Drott with a total floor space of 118, 422 m2. The
purchase price is SEK 1.42 billion, which corresponds to a direct rate
of return of about 7.5%. This acquisition further strengthens Wallenstam
as the leading player in the market for commercial premises in Göteborg.

Portfolio
The portfolio consists of 27 properties, including 3 site-leasehold
rights. The total floor space is 118,422 m2 and consists mainly of
office premises, which account for 61% of the rental value. Shops
account for 12% of the rental value. Rental income is currently more
than SEK 137 million per year and the economic vacancy rate is about
10%. The largest individual property is Kungstorget 1, in the centre of
Göteborg. See the attached list of properties, where all the properties
are shown. The properties will be taken over on 21-12-2003.