Home buyers starting to move into Metronomen housing project featuring 188 co-op units
During March, home buyers began moving into SSM’s Metronomen housing project that includes 188 smart and affordable homes. The project is located close to a public transport hub in the urban neighborhood of Telefonplan in Stockholm and it has an Urban ScoreTM of 100 points when it comes to mobility, everyday services, community and well-being. Home buyers will continue moving in gradually during the year, continuing into 2021 as the project nears completion. Metronomen is a joint venture project between SSM and Partners Group. The units that have been occupied will lead to a positive impact on SSM's cash flow from Q2 2020.
Home buyers in the Metronomen housing project, which offers 188 cooperative apartments, started moving into their smart, affordable new homes in greater numbers towards the end of March 2020. Tenants will continue to move in gradually during the year and into 2021 as production of the project is completed.
Metronomen exemplifies SSM’s housing concept and core product to the fullest in that 95 percent of the units in the project are one and two-room apartments with a floor space between 29 and 51 m2, most with a balcony. The project is located close to public transport at Telefonplan in Stockholm and it has an Urban ScoreTM of 100 points when it comes to mobility (proximity to subway, access to carpool and indoor bike parking), everyday services (variety of services, proximity to recycling depot and circular services and possibilities for urban gardening), health (variety of training options and proximity to recreational areas) and community (large rooftop terrace, courtyard and shared spaces as well as a communication app for shared services). The project also includes a daycare center and commercial space intended to provide the housing association with sources of income in the future.
- We’re very pleased that home buyers have started moving into our Metronomen project. SSM’s dedicated project team has fully implemented SSM’s housing concept in Metronomen, which has resulted in attractive and affordable homes located at Telefonplan, an urban area with excellent public transport, says Mattias Lundgren, President & CEO of SSM.
Metronomen is a joint venture project between SSM and Partners Group. The units that have been occupied will lead to a positive impact on SSM's cash flow from Q2 2020.
This information is information that SSM Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out below, March 26, 2020 at 07:30 CET.
For more information, please contact:
Ann-Charlotte Johansson
EVP Communications & IR
Phone: +46 761 65 17 71
Email: ann-charlotte.johansson@ssmliving.se
Twitter: @anncharlotteSSM
Om SSM Holding AB (publ)
SSM produces functionally smart and affordable homes with attractive common areas, close to public transport and the city center for the company’s target group – the urbanites of tomorrow. The company envisions a housing market that is accessible to as many people as possible. SSM is the leading property developer in its niche within the Greater Stockholm area and at end of December 2019, the company has approximately 4,500 building permits in its portfolio. SSM has been listed on Nasdaq Stockholm’s mainlist since April 6, 2017. www.ssmlivinggroup.com
