Alecta begins EUR 60m mixed-use project in Sweden

By A staff reporter 2011-09-22T00:00:00+01:00

Swedish insurer Alecta has mandated development and construction group NCC to build a mixed-use scheme for SEK 550 mln (EUR 60 mln).

Swedish insurer Alecta has mandated development and construction group NCC to build a mixed-use scheme for SEK 550 mln (EUR 60 mln).

The assignment involves the refurbishment and construction of 18,000 m² of new premises in the Plåten block in the Swedish city of Sundbyberg. Alecta is planning a new property block featuring housing, offices, shopping, hotels and restaurants.

Plåten, with 36,000 m² of total space, currently consists of vacant industrial and office premises.

The project is scheduled for completion in autumn 2013.