Atrium Ljungberg expands on Södermalm– acquires... - Atrium Ljungberg

Atrium Ljungberg expands on Södermalm– acquires property by Slussen

Today Atrium Ljungberg has signed an agreement to acquire the property Tranbodarne 13 on Södermalm in Stockholm. The property, of approximately 3,300 m2, is being acquired for an underlying property value of SEK 252 million and will be a complement to the company’s already existing holdings by Slussen.

Tranbodarne 13, also referred to as ‘Sjömansinstitutet,’ is located by Katarinavägen and Stadsgården by Slussen on Södermalm. The property is located adjacent to Tranbodarne 12, referred to as ‘Glashuset’, which Atrium Ljungberg already owns. The company also has a land allocation on Stadsgårdsleden in front of Glashuset.

The acquired property covers approximately 3,300 m2 letting area with primarily modern office premises, but also residentials, a café and a gallery. The property is fully let with a rental value of SEK 12 million. The largest tenants are Nordisk Film, Kontigo, Stockholms Internationella Handelsskola and Triggerfish.

The acquisition will take place through a share transaction at an underlying property value of SEK 252 million. Vasaparken is the seller. The date of possession is 30 March 2017.

“Sjömansinstitutet has a unique location alongside Slussen with a view of Saltsjön and Stockholm stretching for miles. Combined with generous floor heights, this makes the premises very attractive. There are exciting letting opportunities here which can comprise a supplement for our premises in Glashuset. There is also the opportunity to develop the property in the future,” says Monica Fallenius, Business Area Director of Transaction and Establishment at Atrium Ljungberg.

Södermalm is one of the most attractive areas in Stockholm and an established office location where the rental trend has followed the remaining development in Stockholm city centre which has been steadily positive for several years. New office areas will be created on the site as a result of the ongoing project “Nya Slussen.”

“Through the acquisition we are strengthening our position in an important subsidiary market in Stockholm. In the long term, when our land allocation in front of Glashuset will be realised, we see this property as a piece of the puzzle for our overall planning of the area,” comments Annica Ånäs, CEO of Atrium Ljungberg.

About the property Tranbodarne 13

Year of construction: 1913
History: The building was constructed under the authority of Järnvägs AB Stockholm’s Station-Saltsjön. It was drawn in Art Nouveau by the architect Axel Johan Anderberg, renowned for, among other things, drawing the Royal Swedish Opera, the theatre Oscarsteatern and the Swedish Museum of Natural History in Stockholm. The new station building opened in 1914. The building also housed a goods warehouse, corporate office and a director’s residence. The foundation Stiftelsen Stockholms kyrkliga Sjömansvård purchased the property in 1938. Sjömansinstitutet and Sjömanskyrkan were tenants in the property up until 2008.
Letting area: 3,304 m2
Letting rate: 100%
Rental value SEK 12 millon
Number of tenants: 15

About Slussen

Slussen is one of Stockholm’s most important hubs with street life, restaurants, workplaces and residentials. Every day approximately 750,000 people pass by cars, public transport, bicycles or on foot. In the summer of 2016 the project Nya Slussen started, reconstruction of the traffic solution, bus terminal, widening of walkways and cycle paths and establishment of a new quayside promenade. The project also covers new parks and meeting places for culture, entertainment, restaurants and cafés and the opportunity of new development. Entire work on the Nya Slussen project is expected to be completed by 2025.

Nacka, 10/03/2017 
Atrium Ljungberg AB (publ)

Press release

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