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Atrium Ljungberg expanding in central Malmö –acquiring an additional property in Möllevången

Today Atrium Ljungberg signed an agreement to acquire the Malmen 12 property in central Malmö – an office and health care property totalling approximately 7,500 m² letting area. The acquisition is in line with the company's long-term strategy to expand in Malmö.

Malmen 12 is located in Möllevången (Möllan) in the south-eastern part of central Malmö (Barkgatan 9-13, Möllevångsgatan 44), and in the immediate vicinity of the Dimman 11 property, which Atrium Ljungberg acquired in March 2014.

The property is fully let with a weighted average remaining lease term of approximately 3.5 years. The largest tenants are Malmö Municipality and Region Skåne, which together account for approximately 90 per cent of the rental income.

The property also holds a garage with some 60 parking places. The rental value for Malmen 12 amounts to approximately SEK 10 million.

The acquisition will take place through a share deal with an underlying property value of SEK 125 million. The seller is Wihlborgs Fastigheter AB. The date of possession is 2 May 2016.

“We are now further strengthening our position in Malmö. This acquisition is a stable investment in an area where we recognise future potential. We will continue to take part in the long-term development of Möllan, which is an exciting area in the city centre,” comments Micael Averborg, Business Area Director, Transaction and Market, Atrium Ljungberg.

Nacka, 22/03/2016
Atrium Ljungberg AB (publ)

Press release 22-03-2016

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