A major residential development opportunity has gone on the market in central Stockholm following the relocation of the city’s St Erik’s Eye Hospital to a new purpose-built hospital building.
Redevelopment of the former hospital could provide over 40,000 sq m of space on the site at Fleminggatan on Kungsholmen in the central area. Pangea Property Partners has been appointed to sell the building rights.
A mixed-use project is envisaged which will create two new blocks including offices and pre-school facilities but primarily housing.
Stockholm Region moved St Erik’s Eye Hospital from Fleminggatan to new premises in Hagastaden in September. Planning work will be now take place to establish details of the old hospital’s redevelopment prior to its demolition.
“The fantastic location and size make it a unique urban development project that very rarely comes on the market ,” said Pangea Sweden CEO Joakim Arvius.
“We expect great interest, mainly in Sweden, but also among international players,” said Arvius who added that the aim is to complete the transaction in early 2021.