Niam Niam
Stockholm Harbor Front Development

Stockholm Harbor Front Development, Sweden

Area
47,403 kvm
Type of ownership
Leasehold
City
Stockholm
Country
Sweden
Main tenant
Scandic Hotel, Fortum, Swedish Defense Recruitment Agency
Property type
Office

Stockholm Harbor Front Development

Stockholm Harbor Front Development was acquired in April 2016 and is located in Värtahamnen, one of the largest development areas in Stockholm.

The development of Värtahamnen has been initiated by the City of Stockholm and environmental ambitions for the area are very high with reduced car traffic and increased public transportation. Focus on sustainability runs like a red thread from development of the urban environment through high environmental standards in the individual properties. Everyone involved in developing the area must take responsibility. By 2025, there will be a completely new neighborhood in the old harbor, which today mainly comprises offices. This includes:

  • 1,900 apartments
  • 26 preschools
  • 125,000 sqm of offices
  • hotels 
  • 11,000 sqm of parks and squares
  • a 600 m long dock
  • 2,000 m of new bicycle lanes
  • 1,600 m of new streets
  • a 600 m long new boulevard

In addition to a great location right next to the Baltic Sea, the property has a good micro location and is easily accessible by car and public transportation. Accessibility has improved significantly since the opening of Norra länken, one of the largest road tunnel projects in Europe linking the E4 motorway to the area. The accessibility will be further enhanced in 2030 when a new tramway will be opened. 

Our property was erected in 1989 and comprises offices and a hotel divided over two blocks. The office building (block one) adjacent to the hotel is 7,300 sqm divided over 5 floors and Niam has converted it into energy-efficient and climate-friendly modern office premises, which we are currently leasing out. 

At the same time we are having a dialogue with the city of Stockholm regarding the development of the second block. 

Stockholm Harbor Front Development

 

 

Contact

Rikard Henriksson Niam
Rikard Henriksson
Head of Asset Management, Sweden
+46 851 75 85 63