Atrium Ljungberg acquires property worth a billion in Gothenburg

Today Atrium Ljungberg concluded an agreement on acquisition of the office property Lindholmen 30:1 in the city district Lindholmen in Gothenburg. The property is being acquired for an underlying property value of approximately SEK 1.3 billion. By means of the acquisition, Atrium Ljungberg is doubling its property portfolio in Gothenburg.

Lindholmen 30:1 covers approximately 37,000 m2 letting area with modern office premises and a garage with approximately 260 parking spaces. The property is fully let to Ericsson.

The property is located right by the water at Lindholmen, a central city district on the Hising side of Göta Älv and it is a part of the large development area Älvstaden. It is next to Chalmers University of Technology and Lindholmen Science Park, an important cluster for development-intensive technology, training and media companies. Service and restaurants are close by and there are very good transport links here.

The acquisition will take place through a share transaction at an underlying property value of SEK 1,260 million. The seller is real estate funds managed by Blackstone and Areim. Atrium Ljungberg will take possession of the property on 29 March 2017.

“Through the acquisition we have doubled our property portfolio in Gothenburg and are now a significant player at Lindholmen. In the long-term we will have even better opportunities to offer attractive premises to both existing and new tenants. Our local involvement allows us to continue collaborating with the city and businesses to generate added value for the area,” says Monica Fallenius, Business Area Director of Transaction and Establishment at Atrium Ljungberg.

Atrium Ljungberg established itself in Gothenburg in the autumn of 2015 when it acquired two office properties at Lindholmen. Since then the company has been clear with its aim to grow in Gothenburg.

“Gothenburg is a very interesting market where Lindholmen is one of the most exciting areas
currently undergoing significant development. We strongly believe in the area and want to participate in the development and create sustainable urban environments which support the city’s future visions,”
says Annica Ånäs, CEO of Atrium Ljungberg.

Facts about the property Lindholmen 30:1
Year of construction: 2002
Letting area: 36,935 m2 incl. a garage with 260 parking spaces
Letting rate: 100 %
Number of tenants: 1

About the city district Lindholmen
Lindholmen in Gothenburg is in a central location on the Hising side of Göta Älv and it is a part of the development area Älvstaden. The former shipbuilding area has been transformed to a modern office and knowledge cluster. Lindholmen Science Park and Chalmers, 350 companies specialising in the vehicle industry, ICT, media and technology and roughly thirty restaurants are located here. The city district is a work and study place for approximately 20,000 persons and has a well-developed infrastructure. Expansion of Lindholmshamnen is ongoing, a development project which aims to make Lindholmen more urbanised by supplementing buildings in the area with residentials, preschools and additional business premises. Detailed development plan work is ongoing for Karlavagnsplatsen, an area which, among other things, will contain Gothenburg’s first real skyscraper.

Nacka, 24/03/2017
Atrium Ljungberg AB (publ)

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