SSM Holding AB have been expanding their presence in the popular suburb of Spånga. The company has recently acquired a new housing project from Nils Johnny Fastighets AB. The housing development is in Spånga Centrum and has a total floor space of 11,400 square meters. It is thought that SSM
The lead operator inside the residential development in the region of Stockholm, SSM Holding AB has carried on expanding their operations. The business has acquired a project in the Municipality of Stockholm. This new project could see the development of 260 cooperative apartments. SSM aim to deliver attractive and affordable
BDC 319 : Aug 2024
SSM Holding AB have been expanding their presence in the popular suburb of Spånga. The company has recently acquired a new housing project from Nils Johnny Fastighets AB. The housing development is in Spånga Centrum and has a total floor space of 11,400 square meters. It is thought that SSM will develop this recently acquired area in to around 250 cooperative apartments. The site was initially purchased for 65 MSEK and it is thought that there will be additional costs in place as a charge for future exploitation. Work of the development is predicted to start in the first quarter of 2020. If building goes to plan it has suggested that occupation of the site will occur in the final quarter of 2021. The properties will be located in Spånga Centrum where there are a lot of different shopping and restaurant options. Spånga also has a lot of different green areas and a mixture of different athletic facilities close by as well as a number of public transport options which include a commuter rail line and busses. The project to build approximately 250 houses will be run solely by SSM. The housing company focuses on one specific customer group when they are creating their properties. The market that is targeted is tomorrow’s urbanites, so SSM work to deliver functional and efficient housing to prospective buyers that are also in good central locations with easy access to public transport. It is thought that the new development in Spånga match the criteria and will be a valuable addition to the company’s portfolio. The company is also carrying out a development in Spånga Torg, and a project that will offer 80 cooperative apartments. It is thought that the apartments of this project will be complete and being filled for the latter part of 2019.
The lead operator inside the residential development in the region of Stockholm, SSM Holding AB has carried on expanding their operations. The business has acquired a project in the Municipality of Stockholm. This new project could see the development of 260 cooperative apartments. SSM aim to deliver attractive and affordable homes with attractive common areas that are close to public transport that will appeal to future urbanites. The business aims to make their properties accessible to as many different people as possible and intends to create properties, of which 60% will be allocated to cooperative apartments, 30% are rental units, and 10% are made into student housing. SSM has acquired a building that is located near public transport which includes the subway, commuter trains and buses. The plan for this building is a completely cooperative apartment project. This project would cover around 24,000 sq. m. of BUA. SSM wants to develop this space into 260 apartments. It is thought that this project will be completely managed by SSM. The construction on this newly acquired project is expected to start in 2018. The apartments are expected to become occupied in 2020. The purchase price of this project has been recorded as 500 MSEK. It is thought that the project has been acquired with set conditions, and these conditions will be lifted during the second quarter of 2017. SSM normally target a customer group that are looking for functional and space-efficient homes located in central areas. Therefore, this new building with the good transport links should be able to appeal to SSM normal customer base. The project will also meet the requirement of being space-efficient and will stand to be a really valuable addition to the SSM portfolio. After this most recent acquisition in Stockholm it has been estimated that SSM the main operator of residential development in Stockholm will have around 5,800 buildings rights that are in either the planning or construction phase of development.
