Swedish real estate firm Castellum has unveiled plans to begin construction of an office building in the Nyhamnen district of Malmo, Sweden, with E.ON Energy Group as anchor tenant.
The company plans to invest SEK1.1bn ($133.04m) in the project as part of its strategy to grow as a community-builder in the Oresund region.
E.ON Sweden, a subsidiary of international energy group E.ON, has signed a contract with Castellum to construct E.ON’s new Nordic headquarters in the Nyhamnen district of Malmo, close to the central station.
Nyhamnen’s transformation is said to be vital in broadening and developing the Malmo city core.
After being fully extended, Nyhamnen is expected to become a mixed-use city district with 13,000 new workplaces and 6,000 new residential units.
Castellum CEO Henrik Saxborn said: “It’s very gratifying that the choice fell on Castellum. In particular, it’s a pleasure to be chosen from among tough market competition - as the most suitable partner for development of a modern head office building, considering E.ON’s sky-high demands for sustainability and modern technology.”
The planned construction in Nyhamnen consists of 24,500m2 of leasable area. The company will now take up zoning plans, including building-permit activities.
The duration of the construction is 24 months and the new building is slated for completion in 2021.
The 12-year tenancy agreement between Castellum and E.ON will also become effective at the same time. Fully leased, this investment is expected to generate yearly revenues of SEK68.5m ($8.29m).
The new building will be certified according to the highest environmental certification level and to The Well Building Standard.
Castellum intends to fund the investment with own earned funds and unutilised credits.
E.ON Sweden general manager Marc Hoffmann said: “It has become increasingly clear that we need to find a new, inclusive office building that contributes to our operations, reflects our brand and company culture, and strengthens our position as an attractive employer.
“This is why it feels really positive to join with Castellum in developing and building E.ON’s Nordic headquarters, with the clear ambition of creating not only a building – but a sustainable role-model.”