Atrium Ljungberg's first condominium project gives better result than expected
In 2019 Atrium Ljungberg started its first condominium project, Brf Sicklastråket, on Nobelberget in Sickla in Nacka. The project included 68 apartments. The condominium apartments are sold out and the move-in took place before year-end 2020. The investment amounted to SEK 310 million.
In connection with Atrium Ljungberg now finally handing over the project to the tenant-owner association, the profit recognition is made. The result for the project amounts to SEK 91 million and is reported in the report for the second quarter of 2021.
The result for the condominium project is better than expected and meas that the company's result before changes in value in the quarter amounts to approximately SEK 370 million.
Other detalis in the report will be published as previously communicated on Wednesday, July 7 2021 at 07.30 CET, with a subsequent presentation at 10.00 CET.
Nacka, July 2 2021
Atrium Ljungberg AB (publ)
This disclosure contains information that Atrium Ljungberg AB is obligated to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person on July 2 2021 at 08.00 CET.
For further information, please contact:
Martin Lindqvist, CFO Atrium Ljungberg, 46(0)70-927 60 09, martin.lindqvist@al.se
Atrium Ljungberg is one of Sweden’s biggest listed property companies. We own, develop and manage properties in growth markets in Stockholm, Gothenburg, Malmö and Uppsala. Our focus is on developing attractive urban environments for offices and retail, supplemented with residentials, culture, service and education. The total letting area is approximately 1.1 million m2 valued at SEK 48 billion. Our areas include more than 30,000 workers and students as well as 1,000 residents. Our project portfolio will enable us to invest the equivalent of approximately SEK 38 billion in the future. Atrium Ljungberg is listed as ATRLJ-B.ST on the NASDAQ Stockholm Large Cap list. Find out more at www.al.se
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