2022.04.28

Vectura invests in Uppsala life science through property acqusitions in two seperate deals

Vectura Fastigheter is investing in establishing a presence in Uppsala through property acquisitions in two separate deals, with the opportunity to develop buildings totaling approximately 40,000 square meters. The properties Boländerna 10:1, 10:4, and 10:9 are located within the new business district called Främre Boländerna in central Uppsala. The plan is to develop the area with a focus on life science, similar to Vectura's projects Forskaren in Hagastaden and GoCo Health Innovation City in Mölndal. The future site will accommodate more offices, laboratories, and interactions between leading actors in business, academia, and research.

Vectura is making a significant investment through property acquisitions within Främre Boländerna in Uppsala. A new business district will emerge in the part of Boländerna closest to Uppsala's city center. The central location with connections to both Arlanda and Stockholm attracts companies to the area today. Currently, there are already several life science companies in the area, which naturally contribute to collaborations and development opportunities.

"We are now establishing ourselves in Uppsala through property acquisitions where we see great potential and the opportunity to contribute to the municipality. We believe in the location long-term and are truly looking forward to working together with Uppsala municipality and its business community. We also believe that collaboration with other actors as well as between our other life science hubs is important to develop Främre Boländerna and create a completely unique meeting place," says Joel Ambré, CEO of Vectura.

"The fact that strong players like Vectura are investing and establishing themselves in the Uppsala market is a good testament to Uppsala as a municipality and a strong growth market. Through collaboration, we create shared opportunities," says Erik Pelling, Chairman of the Municipal Executive Board in Uppsala municipality.

The properties acquired by Vectura are in close proximity to each other within the Ställverket Block and, when completed, will together comprise approximately 40,000 square meters. The new buildings will primarily consist of innovative office and laboratory environments, as well as meeting places and various service offerings.

"Uppsala has strong export industries, where life science is a prominent knowledge-intensive sector that is expanding while also generating strong ripple effects. We see that many existing companies are making expansion investments, and many new companies are investing in Uppsala. The Främre Boländerna area is an important piece of the puzzle for continued expansion, where we see that Vectura, with its profile and experience, will contribute in a very positive way and create more natural meeting places for business, academia, and research to collaborate for growth and more job opportunities," says Charlotte Skott, Director of Business Development in Uppsala municipality.

The detailed plan for Vectura's properties is expected to be adopted in June and gain legal force in July. For the Boländerna area, occupancy in the first new premises is projected to start from 2024. The complete transformation of the area is estimated to be completed by 2035.

"In Främre Boländerna, we hope to create an area similar to GoCo Health Innovation City in Mölndal and Forskaren in Hagastaden, where we expand the city center and create conditions for interactions between business and academia. We are eager to get started with the development as soon as possible as we see great potential at the site," says Micael Averborg, Business Development Manager at Vectura.

Property 10:1 has been acquired by Rosendal Fastigheter, and properties 10:4 and 10:9 have been acquired by Stiffler Holding. Both transactions are conditional upon the detailed plan gaining legal force.

Vectura is a real estate company that develops properties for its own long-term management. We operate in the segments of community properties and commercial properties, focusing on continued growth and developing care homes, healthcare properties, and self-owned offices. Our property portfolio consists of modern and newly constructed properties, as well as innovative property development projects with a focus on care, life, and health. Vectura is owned by Patricia Industries, which is part of Investor.