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Wihlborgs has signed leases with two companies for a total of 3,800 square metres at Cube (Nya Vattentornet 4) on Mobilvägen in Lund. A public sector tenant will move in to 1,000 square metres in the neighbouring property Bricks (Nya Vattentornet 3).
One of the leases at Cube comprises 3,000 square metres with occupancy in November 2024. The other lease concerns an existing tenant that will relocate within Wihlborgs' portfolio in Lund from 400 square metres to 800 square metres of newly renovated premises after the summer. Both leases are for five years.
At Bricks, a public sector tenant will relocate within Wihlborgs' portfolio from 400 square metres in Malmö to just over 1,000 square metres in Lund with scheduled occupancy at the start of 2025. The lease is for six years.
When Wihlborgs acquired the Node, Bricks and Cube properties (Nya Vattentornet 2-4) on Mobilvägen between 2018 and 2019, the area was clearly impacted by the long-term dominance of mobile-phone companies with relatively large vacancies leading to a selection of premises. Today, the properties comprise a variation of larger and smaller premises, efficient floor plans and some 50 companies operating in various areas. Previously dominant industries such as electronics and IT have gradually been supplemented with fields such as electrification, food tech, medtech, city planning, and information and communication technology.
Work on the properties has resulted in increased demand in the area that currently has an occupancy rate of over 90 percent.
"It is pleasing to see how our ambition to create a new, complementary product offering and environments for innovation, networking and collaboration in the area has become a reality. The clusters we are forming not only create scope for ideas and growth, but also promote business in the region and increase the attractiveness of the area, which has become a natural part of Lund Innovation District and Ideon Science Park," says Ulrika Hallengren, CEO of Wihlborgs.
Wihlborgs Fastigheter AB (publ)