NOTE Lund AB is a subsidiary to the listed company NOTE AB, a leading Northern European manufacturing partner with an international platform for manufacturing electronic-based products that require high technological expertise and flexibility. The Group has some 1,500 employees, 140 of whom work at NOTE Lund.

The new facility will comprise offices, production and warehouses with the aim of being certified in accordance with Miljöbyggnad Guld. The building encompasses a total of 11,900 square metres, which will allow for additional tenants, and will become Wihlborgs' second building in the area following Tomaten 1, which was constructed for the contract manufacturer Inpac.

Hasslanda is a business district in Lund that has developed in conjunction with the creation of the new exit to the E22 motorway. The area is south of Gastelyckan and north of bordering Staffanstorp Municipality. The Stora Råby 32:22 property is located at the very south of the area and right by the exit to the E22 motorway.

As a result of the project, Wihlborgs will acquire 17,200 square metres of land from the City of Lund. The investment, including the land acquisition, amounts to SEK 263 million.

"Our factory in Lund has grown substantially over the past few years, and we're looking forward to moving to a new fit-for-purpose factory that will support our operations' continued expansion going forward," says Henrik Andersson, CEO of NOTE Lund.

"We are looking forward to developing a modern facility with high sustainability standards for NOTE, which is a well-established and important company here in Lund. The project also helps us to strengthen our presence in Hasslanda, which is an attractive neighbourhood, and there is a substantial shortage in the warehouse and production segment," says Ulrika Hallengren, CEO of Wihlborgs.

Wihlborgs Fastigheter AB (publ)