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Valvet - a new destination in the heart of Gothenburg

Published 3/11/2026

Wallenstam is developing the property at Östra Hamngatan 23 - Valvet - into a modern and vibrant destination in the heart of Gothenburg. The property, with a long history of banking and public environments, has now got a new, stylish entrance in the form of a vault. The timeless design highlights the building's architecture while creating a more inviting feel for tenants, visitors and passersby.

"Valvet combines the best of both worlds - a very central location, close to the water with a wonderful view of the pulse of the city and a modern, stylish working environment. We have preserved the soul of the building while developing a premium-quality property in every detail, from working environments to a new inviting entrance facing Brunnsparken," says Marina Fritsche, Vice CEO and Regional Director Gothenburg, Wallenstam.

The development of Valvet includes both technical upgrades, energy-efficient installations and carefully selected materials that together create a premium experience. The new atrium with a pleasant lounge area opens up the building and creates bright, welcoming environments throughout all floors. 

Handelsbanken, which previously owned the property, has already moved into newly renovated premises on the top two floors of the property. The remaining office space of approximately 4,500 square meters is distributed over two floors, which will be tailored to the wishes and needs of future tenants. On the ground floor, there is also the possibility of letting almost 1,300 square meters of attractive, flexible retail premises with direct proximity to the pulse of the city.

The first phase of the reconstruction is expected to be completed by the end of summer 2026 and adaptations of the premises will start after that.

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