The property, with the address Berzeliigatan 11, was originally built in 1906 and its architecture is characterized by period Art Nouveau style with unique details such as well-preserved limestone floors, wrought iron railings, asymmetrical shapes and generous ceiling heights. Its location in Lorensberg, with proximity to Avenyn, Götaplatsen and other central landmarks, is exceptional and one of central Gothenburg's most attractive residential areas.
The property was originally built for residential purposes but has housed a retirement home for the past 30 years. In the summer of 2023, the building was vacated and the building permit process was initiated for conversion to residential housing.
"Vättersnäs has done a solid job with the building permit for residential apartments and we look forward to taking on the development of the property," says Marcus Lerander, CEO of TB-Gruppen.
"We are very pleased with the sale of this property and would like to congratulate TB-Gruppen on a fine acquisition. It feels gratifying to hand over the property to a local player who will develop it to its full potential," says Andreas Hagen, CEO of Vättersnäs Förvaltnings AB.
Panreal has acted as the seller's advisor in the transaction.