Veidekke ASA: Arcona to build hotel in Sickla in Stockholm

Veidekke ASA: Arcona to build hotel in Sickla in Stockholm

25.10.2018 - 16:00

Veidekke’s Swedish subsidiary Arcona has signed an agreement with the property company Atrium Ljungberg to build a hotel in Sickla, Stockholm. The agreement, with an estimated order value of SEK 300 million, constitutes the third phase of the development of Tapetfabriken in Sickla.

"We are excited that Atrium Ljungberg has entrusted us with the construction of the new hotel at Tapetfabriken in Sickla, and look forward to developing Sickla into a modern meeting place in collaboration with Atrium Ljungberg”, said Mikael Wemming, business manager at Arcona.

Tapetfabriken is a newbuild with a gross floor area of 15 000 m2. In addition to offices, the building comprises a 156-room hotel operated by Nordic Choice Hotels, as well as a restaurant and bar. Tapetfabriken is located in the heart of Sickla, with access from Marcusplatsen and in close vicinity of shops, offices, restaurants, etc. Following the decision to extend the subway to Sickla by 2025, this is an area of great development potential.

The new agreement, which builds on the agreement signed by Arcona and Atrium Ljungberg in June 2017 regarding the development of Tapetfabriken, is a collaboration agreement which comprises the entire implementation of the construction contract .

"We have chosen to continue our cooperation on the Tapetfabriken project because of Arcona’s extensive hotel construction and collaboration project experience," said Niklas Hesselvall, project manager at Atrium Ljungberg.

Arcona has built several hotels, and among those completed over the past few years are Quality Hotel Globen, Scandic Grand Central, Haymarket City Scandic and the recently completed Downtown Camper City Scandic.

For press photos, see www.flickr.com/photos/veidekke , for more information, contact:
Mikael Wemming, Arcona, +46 08-601 21 79, mikael.wemming@arcona.se

Niklas Hesselvall, Atrium Ljungberg, +46 0704 89 89 90, niklas.hesselvall@al.se

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building construction and civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is known for its involvement and local knowledge. Its annual turnover is NOK 32 billion, and half of its 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.