Skanska is investing SEK 2 billion (€180 million) in Olivin, a new 11-storey sustainable office building in Western Kungsholmen in Stockholm. Construction work will begin in Q1 this year and the building will have 23,000 square metres of lettable space and a restaurant and other service functions on the ground floor.
The Swedish construction company has signed a twelve-year lease agreement for approximately 13,000 square meters of office space in the new property, which is currently 55% pre-let. Skanska is expected to take occupancy of its new head office in Q4 2026.
The area of Western Kungsholmen has developed strongly over the past twenty years and is now one of Stockholm’s most attractive locations for work and living with good communications, mixed housing and good service.
Lindhagenskvarteren, which includes the Olivin office building, is the last part to be developed to complete the area of Western Kungsholmen and comprises a total of approximately 90,000 square meters of new offices.
The building is easily reached by road and will also benefit from good public transport connections, including buses and underground trains.
Olivin will be certified and hopes to achieve LEED Platinum and Zero CO2. Parts of the frame are planned to be built in wood and the building has well-thought-out communal areas, spaces for health care and bicycle parking.