Swedish construction company NCC has secured a contract worth $37.3m (SEK320m) to construct approximately 155 apartments in Danderyd, Sweden in partnership with Aros Bostad.
The new apartments will be part of second phase of the Invernesshöjden residential project in the Östra Mörbylund district of Danderyd.
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The Invernesshöjden project, owned by Aros Bostad’s fund “Aros Bostad IV”, comprises four stages and will include more than 400 apartments and a preschool.
In December 2017, Aros Bostad and NCC signed a partnering agreement for the development of the residential project.
The first phase of the project involved construction of nearly 86 tenant-owned apartments across two residential buildings of six to eight floors, with occupancy already commenced in these buildings.
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The apartment buildings in the second phase will be low rise, comprising two underground floors. They will also include a garage and ancillary service area.
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By GlobalDataThese residential units in the building will range from studios to five-bedroom apartments with balconies or terraces.
Construction work on the project is scheduled to commence in August this year with the first occupancy anticipated in the end of 2024.
NCC Building Sweden department manager Annika Grönberg said: “We have had an excellent partnership with Aros Bostad since 2017.
“We are now bringing all of these good experiences with us to the project’s second phase in which we will construct approximately 155 apartments in the Invernesshöjden residential neighborhood. The groundwork will commence in August and the actual housing production in mid-February 2022.”
Recently, the company was awarded a SEK1.9bn contract by Bane NOR to convert the Drammen railway station area in Norway.
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Illustration of Invernesshöjden residential project in Sweden. Credit: Aros Bostad.
