We are creating a new meeting place here for life science activities.
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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 second quarter we signed a lease contract with the biotechnology company 10x Genomics for more than 2,000 m2. The company, headquartered in California, has been operating a research centre in Sweden since 2018 and the company’s products are used by researchers around the world. A lease contract had previously been signed with Academic Work for 17,000 m2. In the second quarter of 2021 they used an option to hand back the top floor of Life City, an area measuring 4,200 m2 in return for a penalty of 18 months’ rent.
In the spring a contract for 800 m2 was also signed with the restaurant K-märkt. This restaurant/cafe will supplement the conference and meeting activities in the building and represents an important piece of the puzzle in creating a new meeting place in Hagastaden.
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.