Contract for Mälarterrassen in Slussen finalised
In mid-December 2023, the City Council adopted the contract for Mälarterrassen in its final decision-making body. This means that Atrium Ljungberg, together with the City of Stockholm, may now progress with the development of a unique meeting place by the water at Slussen.
Mälarterrassen will cover approximately 7,000 m2 GFA. Atrium Ljungberg will take over possession of the leasehold in October 2024, and the location will be activated already in the summer of 2025. The operations will then open gradually in late autumn 2025 and in 2026. Mälarterrassen consists of two buildings next to the Södermalmstorg square with connections to underlying premises further down towards the quay. There will be one building terraced on three levels with a total of six restaurants with outdoor seating. Between the buildings will be an open and welcoming staircase that connects the quays of Söder to the Södermalmstorg square and Gamla Stan.
“I am very pleased that we have been entrusted with the development of Mälarterrassen. It will be a truly unique location with a panorama view of Gamla Stan, and it will be filled with diverse food and drink experiences, where creativity and passion are key ingredients,” says Annica Ånäs, CEO of Atrium Ljungberg. “Our ambition is for Mälarterrassen to be a natural meeting place for both Stockholmers and tourists,” concludes Annica.
The total investment for Mälarterrassen amounts to approximately SEK 430 million.
Nacka, 19/01/2024
Atrium Ljungberg AB (publ)
For further information, please contact:
Marianne Perslow, Head of Communication, Atrium Ljungberg, +46 70-341 54 21, marianne.perslow@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 seventy 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
