Atrium Ljungberg : sells two properties in Sundbyberg
May 31, 2024 at 07:35 pm
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Atrium Ljungberg sells two properties in Sundbyberg
31 May 2024, 20:30
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 m[2] 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)
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Atrium Ljungberg AB, formerly LjungbergGruppen AB, is a Sweden-based company that is active within the real estate sector. The Company is engaged in the ownership, development and management of real estate property, principally in Stockholm, Malmo and Uppsala in Sweden. The Company also owns properties in Ostersund, Vasteras and Halmstad. Its property portfolio is comprised of office and retail properties, as well as residential real estate. The Company is also operational through a number of wholly owned subsidiaries, comprising TL Bygg AB, Impluvium Tio AB, Fastighets AB Blastern, Arstalunden AB, PUB AB, Suhob Fastighets AB, LjungbergGruppen Holding AB, Fastighets AB Celtica and Atrium Fastigheter AB. In addition, the Company holds stake in Sickla Industrifastigheter KB and has a number of indirectly owned subsidiaries. In February 2014, the Company acquired property Nacka Sicklaon 83:33 from Lansforsakringar Liv's subsidiary.