Atrium Ljungberg selling Rådhuset in Uppsala

Property company Atrium Ljungberg has today concluded an agreement on the sale of the Dragarbrunn 19:1 property in Uppsala, better known as Rådhuset. The property comprises approximately 3,000 m2 letting area in total, of which 2,300 m2 is used for retail and restaurant space and 400 m2 is used for office space. The purchase price is based on an underlying property value of SEK 127 million. Castellum is the buyer.

“Rådhuset is a well-known brand with strong cultural and historical roots in Uppsala. Operations at Rådhuset, however, deviate from our other properties where focus is on developing attractive urban environments with a mixture of retail, offices, residentials, service, culture and education,” says Annica Ånäs, CEO Atrium Ljungberg.

The sale of Rådhuset will take place through a divestment of shares. The purchase price is based on an underlying property value of SEK 127 million. The transaction will yield a profit of approximately SEK 1 million for the Atrium Ljungberg Group and will be reported in the accounts for the second quarter of 2018. The property’s rental value is SEK 9 million. Castellum will take possession of the property on 2 May 2018.

More about Rådhuset:
Since 2006, Atrium Ljungberg has expanded and transformed Rådhuset into a popular department store right in the heart of Uppsala. Rådhuset, which dates back to 1645, has only had two previous owners: Clas Eden and Uppsala Municipality. The building served as Uppsala’s town hall between 1713 and 1971. Rådhuset currently comprises approximately 3,000 m2letting space for shops, restaurants and offices.

JLL served as advisor to Atrium Ljungberg for the transaction.

Nacka, 24/04/2018
Atrium Ljungberg AB (publ)

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