The Land Development Board (Exploateringsnämnden) decided at its meeting on 27 August 2020 to grant Fabege a land allocation permit at Sveaplan. A prerequisite for the creation of the development right, covering about 9,000 square metres, is that Sveaplan is redeveloped in accordance with the city's plans for Östra Hagastaden.
Fabege owns the well-known Wenner-Gren Center building and the three nearest buildings on Sveavägen. This allows a holistic perspective and co-utilisation of facilities by people using or working in the area.
· "It is not often that newbuild opportunities arise around the city centre, and we look forward to creating a new entrance to the centre of the city and strengthening the link to the new Hagastaden district and the national city park, together with the City of Stockholm," says Stefan Dahlbo, President and Group CEO of Fabege.
The city's planned reconstruction of Sveavägen and Sveaplan is within the framework of the detailed plan for eastern Hagastaden that has begun. This means that construction in the land area is dependent on the plans for eastern Hagastaden being realized. Fabege starts its work with the design through parallel assignments to selected architectural firms. A land allotment is an option to negotiate with the city with exclusive rights.
Fabege AB (publ)
For further information, please contact:
Stefan Dahlbo, President and CEO of Fabege, +46 (0)8-555 148 10, stefan.dahlbo.fabege.se
Fabege is the property company focusing on city district development and commercial properties. We develop attractive and sustainable districts with modern offices, housing and a broad range of services - together with strategic partners. Both our perspective and approach to ownership are long term and our passion is creating the right conditions for all those living, working and visiting our areas. We have a presence in a limited number of high-growth submarkets in the Stockholm region. Fabege's shares are listed on Nasdaq Stockholm, in the Large Cap segment. For more information, www.fabege.com
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