Design of Tellus Towers impacted by changes in plans for developing Telefonplan
The design of SSM’s Tellus Towers joint venture project at Stockholm’s Telefonplan will change as a result of a Stockholm City Planning Board decision regarding the development of central Telefonplan. As a result, 1,500 homes that were originally planned in the area will be reduced to about 1,000 and the two Tellus Towers skyscrapers will be replaced with a group of high-rise buildings. The intention is to create a greater variation of homes and a neighborhood that better blends in with Stockholm’s existing skyline. The decision is not expected to impact SSM’s results for Q3 or the full year