{"id":1004198371,"date":"2017-11-26T23:26:11","date_gmt":"2017-11-27T07:26:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004198371"},"modified":"2022-12-08T15:19:56","modified_gmt":"2022-12-08T23:19:56","slug":"castellum-tapped-to-develop-stockholm-city-district","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/castellum-tapped-to-develop-stockholm-city-district\/","title":{"rendered":"Castellum Tapped to Develop Stockholm City District"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004198373\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Stockholm.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004198373\" data-attachment-id=\"1004198373\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/castellum-tapped-to-develop-stockholm-city-district\/stockholm-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Stockholm.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Stockholm skyline\" data-image-description=\"&lt;p&gt;Stockholm skyline&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Stockholm skyline&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Stockholm.png?w=800\" loading=\"lazy\" class=\"wp-image-1004198373 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Stockholm.png\" alt=\"Stockholm skyline\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Stockholm.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Stockholm.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Stockholm.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004198373\" class=\"wp-caption-text\">Stockholm skyline<\/p><\/div>\n<p>A joint venture of Castellum, Wallenstam AB and \u00c5ke Sundvall AB has won a land allocation competition in S\u00f6derstaden, an area south of central Stockholm. The companies plan to develop an entire city district on the site, which will add approximately 1 million square feet of office, hotel, retail and residential space. Construction work is slated to start in 2020 and to be carried out over a six- to eight-year period. The final cost of the project was estimated\u00a0at $160 million.<\/p>\n<p>\u00a0\u201c<em>A living city district requires a dynamic mix of residences and workplaces. Our contribution at Castellum is to create attractive workplaces, utilizing our knowledge of commercial premises and local markets. Wallenstam AB and \u00c5ke Sundvall AB are experienced developers of residential space. Our mutual competence and complementary skills work together to create a city district in the heart of a lively events area,<\/em>\u201d said Anders Nilsson, managing director at Castellum, in a prepared statement.<\/p>\n<h2>A company milestone<\/h2>\n<p>Castellum will be in charge of developing the commercial component, which is expected to encompass approximately 350,000 square feet of office, hotel and retail space. The remaining part\u2014more than 750,000 square feet\u2014will consist of residential buildings and hockey-practice rinks. Wallenstam AB and \u00c5ke Sundvall AB will oversee their delivery.<\/p>\n<p>The project is considered to be the largest one Castellum has ever embarked on. In the summer, the company broke ground on Eminent, Sweden\u2019s first office building registered for a\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/castellum-builds-swedens-first-well-certified-building\/\">WELL certification<\/a>. The 103,000-square-foot property is located in the Hyllie district of Malm\u00f6, Sweden. The cost of investment was estimated at $41 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The upcoming development is expected to bring approximately 1 million square feet of office, hotel, retail and residential space to S\u00f6derstaden.<\/p>\n","protected":false},"author":1064,"featured_media":1004198373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,16,21752,21742],"tags":[36486],"class_list":["post-1004198371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-international","category-mixed-use","category-latest","tag-castellum"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Castellum Tapped to Develop Stockholm City District - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/castellum-tapped-to-develop-stockholm-city-district\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Castellum Tapped to Develop Stockholm City District\" \/>\n<meta property=\"og:description\" content=\"The upcoming development is expected to bring approximately 1 million square feet of office, hotel, retail and residential space to S\u00f6derstaden.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/castellum-tapped-to-develop-stockholm-city-district\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-27T07:26:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:19:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Stockholm.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/castellum-tapped-to-develop-stockholm-city-district\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/castellum-tapped-to-develop-stockholm-city-district\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"headline\":\"Castellum Tapped to Develop Stockholm City District\",\"datePublished\":\"2017-11-27T07:26:11+00:00\",\"dateModified\":\"2022-12-08T23:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/castellum-tapped-to-develop-stockholm-city-district\\\/\"},\"wordCount\":278,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/castellum-tapped-to-develop-stockholm-city-district\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/Stockholm.png\",\"keywords\":[\"Castellum\"],\"articleSection\":[\"Development\",\"International\",\"Mixed Use\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/castellum-tapped-to-develop-stockholm-city-district\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/castellum-tapped-to-develop-stockholm-city-district\\\/\",\"name\":\"Castellum Tapped to Develop Stockholm City District - 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