Galvaniseringsgatan 1

Introduction / Overview

Tingstadsvassen 9:20 is a high-volume, cash-flow-intensive industrial property located at one of Gothenburg's most dynamic and sought-after addresses. With over 5,400 sqm of leasable area, major tenants and a net operating income that exceeds most comparable properties, the property offers an attractive combination of scale, stability and development potential.

Property facts

Address: Galvaniseringsgatan 1–5

Municipality: Gothenburg

Area: Ringön

Leasehold: Annual fee 242 424 kr (renegotiation 2032)

Leasable area: 5,422 m²

Space distribution: Office, retail, restaurant, warehouse/other

Site area: 5,772 m²

Assessment year: 1964

Tenants & leasing

Major tenants:

• Merx Team AB – 3,378 m²

• TRM Trading AB – 752 m²

• Carspect AB – 300 m²

• Barak Organization – 289 m²

• Ringöns Fisk & Rökeri – 160 m²

Vacancy: 470 m² of restaurant space

WAULT: 2.2 years

Key financial figures

Assessed rent: approx. SEK 6.5–7.0 million/year

Net operating income year 1: approx. SEK 5.0 million

Market value: SEK 72 million

Direct yield: 6.9 %

Strengths of the investment

• Very strong cash flow

• Dominant tenants in expanding segments

• Large leasehold in an expanding urban development area

• Low historical vacancy – high demand

The property comprises the addresses:

Galvaniseringsgatan 1, 3, 5 • Ringögatan 8A, 8B, 8C • Stenkolsgatan 8 & 10

Energy performance certificate ID: 1309806

Property designation: Tingstadsvassen 9:20

Year of new construction: 1962

Building & use

Type code: 432 – Industrial unit, warehouse

Atemp (total floor area): 5,606 m²

Floors: 3

Stairwells: 0

Use distribution:

70 % warehouse for other trade

25 % grocery trade

5 % office

Technical characteristics

Heating system: Air/water heat pump

Ventilation: Natural ventilation

OVK (ventilation inspection): Not carried out

Radon: Not measured

Air conditioning >70 kW present: No

Energy performance

Primary energy number: 96 kWh/m² year

Specific energy use: 49 kWh/m² year

Energy use (measurement period 2021-04 2022-03)

Heat pump L/V: 234,541 kWh

Domestic hot water (electricity): 11,000 kWh

Property electricity: 13,500 kWh

Improvement proposals

Additional insulation of inner roof (estimated saving 40,000 kWh/year)

Ventilation balancing

Demand-controlled lighting

Replacement of heat pump

Sealing of windows/doors

Other

Inspected on site

Valid until: 2032-07-25

Ringön – Gothenburg's industrial and creative engine

Ringön is one of Gothenburg's most dynamic industrial areas, located on the southern part of Hisingen. Here, heavy industry, crafts, services, logistics, studios and creative businesses meet in a unique mix that creates an atmosphere of energy, innovation and entrepreneurship. The area has an ideal location, close to central Gothenburg, the harbour, major traffic routes and expanding districts such as Backaplan and Frihamnen — making Ringön a place of growing appeal.

The history – from damp ground to industrial hub

Ringön's history goes back to the site's origins as wetland. At the end of the 19th century, extensive dredging work transformed the land into a functional island with a canal connection. During the 20th century, the area grew into an important industrial and logistics node for Gothenburg, with workshops, barge operations, shipyards and harbour-linked industry.

Over time, the area has continued to develop. The more traditional industrial activities were complemented by warehouses, mechanical workshops and contracting companies. In recent decades, a new layer of businesses has emerged — creatives, studios, craftspeople, microbreweries, coffee roasters and smaller production companies. The combination of old and new creates a unique industrial heritage, where every premises has its own history and soul.

Business life – small companies, production and creative power

Today, Ringön is one of Gothenburg's most entrepreneurial areas, with an ecosystem of around 600 active businesses. Here you will find:

Production companies and workshops in metal, wood, service, mechanics and construction.

Logistics and warehousing — important thanks to the area's geographical position.

Creative businesses and studios — music, art, design, media and photography.

Refinement and small-scale food production — for example breweries and coffee roasters.

Small companies and entrepreneurs seeking flexible, cost-effective spaces near the city.

This diversity makes Ringön a place where innovation and entrepreneurship thrive. It is an environment that stimulates collaboration, where companies can grow side by side and benefit from each other's competences.

Population and urban development – strong drivers for the future

Gothenburg continues to grow strongly, and Hisingen is at the centre of this development. Backaplan is undergoing extensive urban transformation, Frihamnen is growing with offices and housing, and Lindholmen has established itself as one of the strongest innovation environments in the Nordics.

This development places Ringön right at the centre of events. The district's appeal is further strengthened by major infrastructure investments: Hisingsbron, improved public transport connections, rebuilding of traffic routes and future links between Masthuggskajen and Hisingen.

As population flows increase, new workplaces are created and more housing is built on Hisingen, the economic dynamism of the entire area is strengthened — and Ringön's position becomes even more advantageous.

For investors – future-proof, stable and strategically right

Ringön has long been an area with strong demand and low vacancy. The premises are flexible, usable and enable businesses that otherwise find it difficult to find affordable spaces in central Gothenburg.

What makes Ringön interesting as an investment environment:

Stable demand thanks to a central location and limited land supply.

Low vacancy rate and a market that has historically been very lettable.

Strong future values in step with the city's development on Hisingen.

Cost-effective premises compared with other central parts of Gothenburg.

Flexible buildings suited to production, warehousing, studio, office or service.

Here you are not investing in a remote industrial margin — you are investing in an area close to the pulse of the city, right in the middle of a wave of development.

Summary – Ringön has potential and soul

Ringön is an area with history, identity and a future. Here, entrepreneurs, craftspeople, creatives and logistics operators meet in an environment that cannot be copied. The combination of a central location, strong growth in Gothenburg, flexible premises and a vibrant business community makes Ringön one of the region's most interesting industrial and creative hubs.

It is a place with energy, opportunities and forward momentum — an area where businesses take root, grow and thrive.