NCC, in a collaboration with Kustbostäder, will construct a new building that will feature retail area as well as rental apartments, in central Oxelösund, Sweden.

The construction contract has been signed, with construction set to commence this May.

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The contract value of this mixed-use project is approximately $17.36m (SEK165m).

Kustbostäder property manager Linda Bernehjält said, “Together with NCC we are realizing the new Prisman House, which will much improve Järntorget.

“The modern premises for retail will create opportunities for our traders and new apartments close to the city center respond to the need for more housing, giving Oxelösund opportunities to grow as a municipality.”

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The property, located at Järntorget in central Oxelösund, will provide space for trade and service on the ground floor.

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The above three floors will be feature 48 rental apartments.

This approximately 6,000m2 project will also provide a courtyard with a playground and green space for the occupants.

The homes will be constructed as per NCC Lamell, a concept that is claimed to offer planned apartments with low energy consumption and good property economy.

NCC Building Sweden production manager Sagvan Abdulsatar said, “Starting our collaboration early in the process has allowed NCC and Kustbostäder to investigate many alternatives when developing the very best solution for the project and for the development of Oxelösund municipality.”

The demolition of the current building has already begun.

The building is expected to be ready for occupation in autumn 2024.

NCC will register this order in Q2 of this year under the NCC Building Sweden business segment.

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Image: The building will feature rental apartments and space for retail. Credit:Arkinova/NCC/Cision