Brief: Atrium Ljungberg Signs Deals For Hagastaden, Stockholm

Atrium Ljungberg AB

09/08/2022 12:58

Aug 9 (Reuters) - Atrium Ljungberg AB  ATRLJb.ST :
    * SIGNS DEVELOPMENT AGREEMENTS IN HAGASTADEN, STOCKHOLM
    * HAS SIGNED FIVE DEVELOPMENT AGREEMENTS WITH THE CITY OF
STOCKHOLM
    * AGREEMENTS ARE FOR TWO TENANT-OWNED DWELLINGS THAT HAVE
TOTAL OF
ABOUT 440 APARTMENTS DIVIDED OVER FOUR STAGES, AND OFFICE BLOCK
MEASURING ABOUT 26,000 SQM GFA
    * TOTAL INVESTMENT IS CALCULATED AT JUST OVER SEK 5 BILLION,
OF
WHICH ABOUT SEK 2 BILLION IS ESTIMATED FOR LAND ACQUISITION
    * LAND WILL BE PAID FOR ONCE EACH RESIDENTIAL AND OFFICE
PROJECT
HAVE BEEN STARTED, AND FINAL PURCHASE PRICE WILL BE DETERMINED
IN CONNECTION WITH ACCESS TO RELEVANT PROJECT

Further company coverage:  ATRLJb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))