Kungsleden has signed a land registration agreement with Malmö municipality in Hyllie
As part of Kungsleden’s cluster strategy to increase its presence in prioritized areas, Kungsleden has signed an agreement of building rights with Malmö municipality to register a total of 8,400 square meters of office space in Hyllie.
Kungsleden has identified Hyllie as an attractive growth area, and earlier this year acquired the over 10,000 square meter Emporia Office property. The cluster in Hyllie comprises of approximately 50,000 square meters today.
Kungsleden now intends to develop an additional 8,400 square meters of environmentally certified office space on the specified land.The property is located in an exciting and dynamic area of Hyllie close to the station, Arenan and Emporia and the new park that will be established. In connection, Malmö International School is also expected to open in 2020.
In addition to offices, the property will accommodate amenities. The project will be developed in accordance with Hyllie’s high sustainability ambitions, and has the objective to environmental certificate the property in line with Kungsleden’s sustainability work. The zoning for the area has been approved by the City Planning Board and has come into force 2017-04-28. Kungsleden is now starting the development work, and construction is expected to commence by the turn of the year 2018/2019 and will be completed in 2020.
"We are very pleased that we have signed an agreement with Malmö municipality. Hyllie is an exciting neighborhood that stands out with a clear sustainability profile and a mix of housing, conference space, office and retail, completely in line with Kungsleden’s cluster vision to develop living and sustainable places that can inspire around the clock," says Frida Stannow Lind, Head of Property Development Kungsleden.
For more information, please contact:
Frida Stannow Lind, Head of Property Development at Kungsleden | 46 8 503 052 30 | frida.stannow.lind@kungsleden.se
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
The information was provided for public release on June 2, 2017 at 07:00 a.m.
Kungsleden is a long term property-owner that provides attractive, functional premises that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden is listed on NASDAQ Nordic Large Cap.
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