Development of an approximately 10,000 gross sqm residential building with Miljöbyggnad Silver accreditation. The building includes apartments for rent, co-living and a range of social and amenity areas, targeting young professionals, students and single-family households.
The property is located in a residential area close to Kista tube station, Kista Center and the Kista Galleria – with its 185 stores and range of services, entertainment and restaurants it has been the most visited mall in Stockholm with ca. 18 million customers annually. Ca. 19,000 people get off the metro in Kista every day, with Stockholm Central Station only 15 minutes away by commuter train and metro.
Kista is a leading ICT cluster in northern Europe as well as a vibrant student hub where both Stockholm University and The Royal Institute of Technology have campuses with over 7,000 students.
The property was acquired in March 2018 in a joint venture with a global institutional investor, with focus on developing and operating next generation housing in the Nordic region. The JV targeted in excess of 2,000 apartments with strong focus on ESG.