Kylfacket 3 is located in the south-eastern part of Slakthusområdet in Stockholm. Tele 2 Arena and Ericsson Globe are two well-known buildings in the area. The property is located such that it will be included in the first phase of the upcoming development of Slakthusområdet, and it is likely that the property can be developed under a new detailed development plan.

The acquired property comprises approximately 4,500 sqm letting area, which is primarily being used for storage and offices at present. The property is fully let with a rental value of MSEK 3 (EUR 286,000).

The acquisition will take place through a real estate transaction with an underlying property value of MSEK 150 (EUR 14M). The seller is private persons. Possession will take place on 1 June 2018.

“Kylfacket 3 has an excellent location in one of the most interesting areas of Stockholm. The area has a great deal of potential, and the aim is to develop the property with a mixture of food, culture and creative office environments to fit in with the rest of the city district that will emerge here, says Business Area Director Monica Fallenius,Transactions and Leasing at Atrium Ljungberg.

Slakthusområdet is one of the most interesting development areas in Stockholm. With its industrial and historical character and identity, the area will undergo extensive urban development up to 2030. The historical architecture and industrial setting, reflecting decades of food production, will continue to coexist with the new development. The development project will be one of the largest undertaken in Sweden in modern times. Among other things, 3,000-4,000 new homes will be built, and there will be 50,000-70,000 m2of new space for offices, education, preschool, retail, service and restaurants.

“The property is small but strategically located. It has development potential under both the present and upcoming detailed development plan. Slakthusområdet is a very interesting area, and we are looking forward to taking part in the development of the district,” says Annica Ånäs, CEO of Atrium Ljungberg.