#Sweden #Stockholm #Skanska #Tegelbruket 4

Skanska's SEK 1.3 Billion Investment in Central Stockholm

Skanska, a prominent player in the construction and development sector, has made a substantial investment of around SEK 1.3 billion in central Stockholm. This investment involves acquiring the property known as Tegelbruket 4 from Region Stockholm, which is set to transform the area into a vibrant residential and commercial hub.

Located in Kungsholmen, this strategic investment comes as part of a broader plan to develop the two blocks within Tegelbruket. Previously housing St. Erik's Eye Hospital, this land will now be creatively reimagined to include a mix of multi-family homes, office spaces, and green park areas, signaling a significant evolution in the district’s landscape.

Project Details

The ambitious development project will introduce approximately 240 new tenant-owned apartments, catering to the growing demand for housing in Stockholm. The design of these residential blocks will incorporate underground garages to optimize space and enhance convenience for future residents.

In addition to residential units, an office building comprising around 6,200 square meters of office space will also be constructed, enhancing the area’s commercial appeal. For small businesses, the ground floor will feature commercial spaces totaling about 1,500 square meters, making it a lively economic center within the community.

Preservation of Historical Structures

One notable aspect of this development is Skanska's commitment to preserving the existing buildings along Fleminggatan. This includes a health center, a children's center, and a charming 19th-century former fire station, which will serve as a showroom during the construction period. By integrating historical features with modern infrastructure, Skanska aims to maintain a balance between old-world charm and contemporary needs.

Focus on Community and Sustainability

Recognizing the importance of an engaging community environment, the new development is designed to seamlessly integrate with the existing cityscape. Skanska plans to create public squares and park areas that not only encourage social interaction but also support local biodiversity.

Skanska has emphasized the importance of community input and has stated that the design will reflect the values and needs of residents. This focus on community is crucial, as it aims to create a vibrant neighborhood feel where residents can thrive.

Timeline for Development

Preparatory work for the project is set to commence shortly, with construction anticipated to begin by the end of 2026. The completion of this extensive development is projected for 2032 at the latest, marking the transformation of this region into a sought-after destination for living and working.

Conclusion

In conclusion, Skanska’s SEK 1.3 billion investment in central Stockholm’s Tegelbruket 4 represents an essential step towards addressing the city's growing demands for housing and commercial space. By maintaining historical buildings while creating modern facilities, the project aims to enrich the local community and enhance the urban experience. As urban landscapes continue to evolve, ventures like this highlight the importance of balancing development with heritage preservation and community engagement.

For those interested in more information or media inquiries, please contact Olof Rundgren, Media Relations Manager, Skanska at +46 (0)10 448 67 94.