Contract for Stockholm's €38.3m Malarterrassen project is finalized (SE)

Contract for Stockholm's €38.3m Malarterrassen project is finalized (SE)

Atrium Ljungberg, together with the City of Stockholm, may now progress with the development of a unique meeting place by the water at Slussen. The total investment for Malarterrassen amounts to approximately €38.3m.

 

Malarterrassen will cover approximately 7,000m2. Atrium Ljungberg will take over possession of the leasehold in October 2024, and the location will be activated already in the summer of 2025. The operations will then open gradually in late autumn 2025 and in 2026. 

 

Malarterrassen consists of two buildings next to the Sodermalmstorg square with connections to underlying premises further down towards the quay. There will be one building terraced on three levels with a total of six restaurants with outdoor seating. Between the buildings will be an open and welcoming staircase that connects the quays of Soder to the Sodermalmstorg square and Gamla Stan.

 

I am very pleased that we have been entrusted with the development of Malarterrassen. It will be a truly unique location with a panorama view of Gamla Stan, and it will be filled with diverse food and drink experiences, where creativity and passion are key ingredients,” said Annica Anas, CEO of Atrium Ljungberg. “Our ambition is for Malarterrassen to be a natural meeting place for both Stockholmers and tourists,” concluded Annica.

 

Europe Real Estate — an overview of real estate developments in European countries.

 

Image source - Cision.

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