Life City is being built next to New Karolinska Solna University Hospital. The building comprises 27,500 m2 and the investment amounts to SEK 1.7 billion including land acquisitions. We are creating a new meeting place here for life science activities. The biggest tenant is Academic Work, which signed an agreement for 17,000 m2. In the first quarter of 2021 we signed lease contracts for a restaurant and cafe, which will supplement the conference and meeting activities in the building.
Production is on schedule with the first tenants planning to move in during the fourth quarter of 2021. The entire building is planned for completion in the spring of 2022.