Castellum invests SEK154 million in third Stockholm facility
Castellum has begun construction work on a third facility in Brunna, Stockholm, which it aims to occupy in Q2 next year.
The SEK 154 million project on Mätarvägen 43 has 11 meters ceiling height, marshalling yards, cargo buildings and ground gates, and are "perfectly adapted" for warehousing and logistics companies in need of large areas, with up to 1,700sqm in lettable area yielding an annual rental value of around SEK 15 million.
At the end of 2016, Castellum acquired a land area in northern Stockholm, ideally located adjacent to the E18 along the Stockholm-Enköping route and close to the E4 motorway, Mälarbanan railway and Arlanda airport. Since then, the Brunna logistics area has grown rapidly with new tenants.
Large companies such as ICA, Swedish Match, Altia, Zalando and Ramirent are already in place in the area where Castellum owns just over 180,000 sq.m. of built-up and buildable land, spread over six properties.
Martin Bjöörn, CEO of Castellum Region Stockholm-Norr, said: "E-commerce continues to drive demand for modern premises in good locations. I expect great interest and quick rental of this attractive project."
In other developments, after successful renovation of the historic property on Torsgatan 22-30, Castellum is ready for the next stage in the renewal of the entire block by planning for three office buildings with modern workplaces and activities that can attract visitors on evenings and weekends.
Research Institutes of Sweden has decided that Sweden's largest testbed facility for EVs will be located at Säve in Gothenburg and construction of a 15,000sqm site will start soon (click here).
Northvolt recently announced the acquisition of Cuberg, Inc., a U.S.-based battery technology company delivering high-performance lithium metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions (click here). Northvolt will establish an advanced technology center in Silicon Valley based on the Cuberg acquisition and is actively hiring top battery industry talent.
Hill Partnerships, Wheat Quarter revive Welwyn Garden City
Wheat Quarter and Hill Partnerships have entered into a construction agreement for the delivery of the former Shredded Wheat Factory buildings and public realm at the exciting Welwyn Garden City regeneration scheme.
The multi-million pound deal will bring about the sensitive refurbishment of Wheat Quarter’s Listed Production Hall, Listed Silos and Art Centre. Hill will also deliver the new Louis de Soissons Building and Bridge Community Building as part of a comprehensive single package deal. Welwyn Garden City is a town in Hertfordshire, approximately 20 miles from London.
Wheat Quarter Project Director, John West, said “We are delighted to have signed the construction agreement with Hill, who bring their quality, proven track record and delivery strength on board. Having created the platform for Metropolitan to be on site today delivering affordable housing on the south site, we hope to receive planning approval for our improved scheme on the north site in the coming months and start work later this year for the final phase of this landmark site.
“We have all endured a tough three years through Brexit and Covid. However after a lot of hard work, we are excited to be back to deliver this exceptional scheme with Hill as our delivery partners, who will use their skills and expertise in town centre regeneration to make the former Shredded Wheat Factory Buildings shine once again”.
Andy Hill, Chief Executive at Hill, said it was looking forward to working with Wheat Quarter to carefully restore and refurbish the iconic listed Production Hall, Silos and Art Centre and will use its "exceptional skills" in regeneration to ensure these landmark historic buildings and the new Louis de Soissons and Bridge Community Buildings, deliver excellent amenities for the benefit of the community, helping to revitalise and breathe new life into the centre of Welwyn Garden City.
Walter Cooper & Co assisted with the acquisition and disposal of land at Wheat Quarter to a range of developers. Working in conjunction with JLL, Walter Cooper has packaged the deal with Hill, which will see them build 150,000 sq ft of commercial buildings, creating hundreds of new job opportunities in the town. The Hertfordshire Mercury reports that the site could house 1,200 flats.
Towns and cities are working hard to reposition themselves in response to the pandemic and growth in online shopping.
Wigan Council has announced that Galleries25 – a joint venture partnership between Cityheart and Beijing Construction Engineering Group International – has been appointed as the Strategic Development Partner for the £130 million redevelopment of the Galleries Shopping Centre in Wigan.
Plans for the transformation of City Square in Leeds are set to take a significant step forward with the appointment of Leeds-based Re-form Landscape Architecture which will collaborate with Leeds City Council and other stakeholders on the scheme. The company’s concept for the new-look City Square is due to be fine-tuned over the course of the next year.
Startup Digital Urban is incorporating 3D digital modelling capabilities and satellite technology. It is the latest company to join the ESA Business Incubation Centre United Kingdom (ESA BIC UK) at the Science and Technology Facilities Council’s (STFC) Daresbury Laboratory, and aims to take advantage of the support available in space and satellite technologies to further its commercial development.
Turn to page 70 of our June issue to read more on urban regeneration projects.