Wallenstam wins land allocation competition in Söderstaden via a consortium

Wallenstam, Åke Sundvall and Castellum have established a consortium and won a land allocation competition for building rights of just over 100,000 sq m of gross floor area with apartments, retail space, offices and hotels at the former Söderstadion and Hovet site. The allocation means that the consortium has the right to enter into land allocation agreements with SGA Fastigheter, Stockholm Globe Arena Fastigheter, and an option to exclusively negotiate regarding purchase agreements. The competition proposal named Söderhov is part of Stockholm’s future development area Söderstaden.

Wallenstam as part of a consortium with Åke Sundvall and Castellum has submitted a competition entry with proposals to develop an entirely new urban district and meeting place in the Globen area. The consortium’s vision for the area is based on the history of the site as a meeting place with magnificent arenas. The Globen area’s strategic location was a starting point in the proposal, which apart from approximately 800 apartments will create the potential for approximately 30,000 square meters of commercial properties including offices, hotels, restaurants and cultural facilities.

“We are very happy and proud to have this opportunity to develop the district together with Castellum, Åke Sundvall and the City of Stockholm. The project is at an early stage and is complex but the potential is huge. We want to create a city structure that adds a more walk-friendly scale to the neighborhood. The location already has a public identity but we want to add value that many more people can experience. We are planning tranquil courtyards, which are shielded from both traffic and events, serving as a place for recreation and safe play,” says Mathias Aronsson, Vice CEO of Wallenstam.

In the proposal, all blocks in Söderhov will have entrances facing the central park, which will be a natural focus and meeting point for those who will live and work in the area. Premises are being planned on the ground floors around the park, such as restaurants, cafés, shops, cultural centers and bicycle hubs, which will create a vibrant atmosphere and provide security around the clock. The winning entry was produced in collaboration with Kjellander Sjöberg and White Arkitekter.

“Our proposal is based on a holistic approach and development of the area can provide new homes for approximately 800 families. Taken together, a plan is being created with essentially no downsides for improved security and living in the area,” says Aronsson.

The consortium’s opportunity to develop the site means that it obtains the exclusive right to negotiate with Stockholm Globe Arena Fastigheter, which is owned by the City of Stockholm, about a land allocation and the possibility thereafter to acquire the zoned land. In the first stage, the consortium will meet to develop cooperation models with the City of Stockholm in order to subsequently produce a development and business plan together with the parties. Planning work with development agreements and zoning plans will occur after that.

Söderstaden consists of the Globen area, the Slakthusområdet area, South Skanstull and Gullmarsplan – Nynäsvägen.

For further information, please contact:
Pernilla Nätt, Information Manager, Wallenstam AB (publ) tel. +46 31 20 00 00 or +46 705 797 336

www.wallenstam.se

Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around SEK 40 billion and the customer base consists of around 7,700 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through the company Svensk NaturEnergi. The company’s B shares have been listed on Nasdaq Stockholm since 1984.

About Us

Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holdings are valued at around SEK 40 billion and the customer base consists of about 7,700 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through the company and its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.

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