Skanska to build offices and apartments in central Stockholm – investing approximately SEK 620 M
Skanska is developing city locations in downtown Stockholm with offices and apartments. A residential building with 80 apartments and an office building with about 14,000 square meters of rentable space will be built at Norra Bantorget. Occupancy is scheduled for 2008 for the office and 2009 for the apartments.
Skanska’s investment amounts to SEK 364 M and SEK 257 M for the office and apartments building respectively.
The project will create a new city block along Torsgatan at Norra Bantorget. This is being made possible by the shifting the location of Torsgatan closer to existing buildings.
Skanska has worked for a number of years to develop the area in cooperation with the City of Stockholm. The first result of these efforts is the Clarion Hotel Sign, an SEK 500 M project that Skanska is currently constructing for the Norwegian investor Buchardt.
The development phase now being initiated involves offices and housing.
The office project covers a total of 20,500 square meters, of which 14,000 square meters of rentable space, making it one of the largest new office facilities in central Stockholm in this decade.
The building is eight stories above ground with about 70 parking spaces underground. Leasing negotiations are under way and the office is scheduled to be completed in 2008.
The seven-story residential building houses 80 one- to five-room apartments, with floor space varying from 36 to 115 square meters. Apartment sales are planned to start in the beginning 2007, with occupancy scheduled for the beginning of 2009.
It is planned that the street level of the residential building will house about 700 square meters of store premises.
The project was developed by Skanska Commercial Development Nordic and Skanska Residential Development Nordic.
Skanska Sweden will carry out construction for both the office and housing areas which will begin during 2006.
Skanska Commercial Development Nordic works with initiating, developing, managing and selling commercial property projects (offices, logistics facilities and shopping centers). The focus is on Stockholm, Gothenburg and the Öresund region.
Skanska Residential Development Nordic is one of the leading housing developers in the Nordic region. A total of 5,500 housing units are under construction in Sweden, Finland including Estonia, Norway and Denmark. The unit sold about 4,000 apartments in 2005.
For further information please contact:
Fredrik Wirdenius, President, Skanska Commercial Development Nordic, +46 8 504 350 18
Anders Kupsu, President, Skanska Residential Development Nordic.
+46 8 504 361 85
Peter Gimbe, Press Officer, Skanska AB, +46 8 753 88 99
