Atrium Ljungberg sells two properties in Sundbyberg
The property company Atrium Ljungberg signed an agreement today for the sale of the properties Sundbyberg Eken 6 and Sundbyberg Eken 14, Marabou’s former chocolate factory and head office. The purchase price is based on an underlying property value of SEK 2,114 million and comprises approximately SEK 36,400 m2 of letting area. The purchaser is Alecta Fastigheter.
“Our urban development strategy is to develop large, cohesive areas that have a mix of activities such as offices, retail, residentials and education, and we have a project portfolio with the possibility of investing SEK 40 billion in our own properties and received land allocations. Eken 6 and Eken 14 are our only holdings in Sundbyberg. Selling these properties enables continued involvement in our large-scale urban development projects, such as Sickla, Slakthusområdet, Slussen, and Hagastaden, at the same time as we protect our capital structure,” says Annica Ånäs, CEO Atrium Ljungberg.
The purchase price is based on a total underlying property value of SEK 2,114 million. Total rental value including surcharges and tenant electricity is approximately SEK 134 million. At the date of possession, the properties’ economic vacancy rate is approximately 5 per cent. The average remaining contract duration is approximately 2.7 years.
The transaction generates gains after tax of approximately SEK 56 million based on the valuation at the end of the quarter, of which approximately SEK -33 million refers to realised change in value after deductions for transaction costs and approximately SEK 89 million refers to deferred tax. The property will be vacated in June 2024, and the gains will be recognised in the accounts for the second quarter of 2024.
Nacka, 31/05/2024
Atrium Ljungberg AB (publ)
For further information, please contact: Anna Hållén, Project Leader Transactions Atrium Ljungberg,
+46 (0)709 27 60 30, anna.hallen@al.se
Atrium Ljungberg is one of Sweden’s biggest listed property companies. We own, develop and manage properties in growth markets in Stockholm, Uppsala, Gothenburg and Malmö. 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 million m2, distributed across around 70 properties and valued at SEK 58 billion. Our retail hubs draw almost 30 million visitors on an annual basis, and 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 40 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
