Serneke secures land allocation for new city block in Hagastaden
Serneke intends to develop an entire city block in Hagastaden, in Stockholm. The project has now progressed a stage with the approval of the land allocation. The block will include a new sports and culture center for KFUM Central (Swedish YMCA/YWCA), as well as a hotel, offices and a school.
On December 12, the City of Stockholm Development Board approved a land allocation for Serneke, comprising part of the Vasastaden 1:16 property in Stockholm's Norrmalm district. The land allocation grants Serneke exclusive rights to continue working with the development of the project.
The city block will include buildings with approximately 40,000 square meters of space and will be an important meeting place with substantial flows of people during much of the day. In cooperation with Serneke, KFUM Central will provide modern and well-suited premises for sports and cultural activities.
"We look forward to continuing working alongside KFUM Central and the City of Stockholm to develop this city block, in which sports, health and culture will be prominent features," says Ola Serneke, President and CEO of Serneke Group.
"We are very pleased to have passed this important milestone in the project and that the city has so clearly shown its desire to be involved in bringing this project to fruition. While this will bring a significant injection of spaces for sports and cultural activities, it will also be a secure meeting place in the Hagastaden neighborhood," says Hans von Uthmann, who is in charge of KFUM Central's Sports and Culture Center.
"We have a considerable shortage of sports halls and spaces for club activities in Stockholm. This collaboration between KFUM Central and Serneke will have a great impact on sports and cultural activities in Hagastaden, in Norrmalm and in Stockholm as a whole," says Joakim Larsson (Swedish Moderate Party) Vice Mayor for City Planning.
The process will now continue with the elaboration of further design proposals and a detailed development plan for the area.
Serneke develops 145 condominiums in Stockholm
Serneke has secured a land allocation for the Östra Terrassen property within the Kolkajen project i...;
Serneke launches framework for green bonds
Serneke has developed a new framework that makes it possible to issue green bonds. The purpose is to...;
Serneke to construct 80 apartments in Växjö
Serneke has signed an agreement with Lansa Fastigheter to build 80 apartments in central Växjö. The ...;
Serneke and Akademiska Hus sign contracting agreements for the School of Business, Economics and Law at the University of Gothenburg
Serneke has now signed an agreement with Akademiska Hus to build a new building that will be part of...;
- 3/12/2021 Serneke evaluates existing bond financing
Serneke to construct logistics facility in Tranås
Serneke has signed an agreement with Höganloft Fastigheter AB to construct a new logistics facility ...;
Interim report January-June 2021
STABILIZATION AND TRANSACTION GENERATE PROFIT
Serneke and Balder to develop additional properties in Karlastaden
Serneke and Fastighets AB Balder are forming a joint venture development company to continue their c...
Serneke Group repays SEK 200 million of outstanding bond loans
Serneke Group AB will repay SEK 200 million on 1 June 2021 on its bond loan with ISIN SE0011256338. ...