Real estate company Klövern has appointed Mathias Wallestam as its new CEO, effective March 16. Currently serving as Deputy CEO and CFO, he succeeds Rickard Langerfors, who will take over as head of the Development business segment.
"His strong drive and commitment to further developing the business and creating long-term value make him the right person to lead Klövern," says Chairman of the Board Anders Oscarsson.
Urban Partners has been the majority owner of Klövern since autumn 2023. Other shareholders include Corem and Alm Equity.
ALM Equity AB is a Sweden-based company engaged in the real estate sector. It acquires, develops and sells primarily residential projects. It has three business areas: Residential projects, which comprises detail-zoned properties where residential construction is permitted; Plan projects, comprising properties not yet detail-zoned, or detail-zoned properties where the detail-zoning can be changed, and Project properties, which comprises built-up properties with existing operations. The Company’s geographic markets are Stockholm, Uppsala, Malardalen and holiday locations in Sweden. Its portfolio contains over 30 projects in five geographic areas: The Greater Stockholm Metropolitan area, Uppsala, Malardalen, Central Sweden West and the East Coast South. Its customers are home buyers and real estate companies, among others. In May 2014, together with other investors (50%), the Company acquired 50% of two properties in Solna from Vasakronan AB.
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