Haga Norra adds green lifestyle to urban landscape
Dubbed as Sweden's most business-friendly city, Solna continuously undergoes transformation. The city gets another boost in its progressive growth with the zoning and development of Haga Norra led by real estate firm Catena.
Dubbed as Sweden's most business-friendly city, Solna continuously undergoes transformation. The city gets another boost in its progressive growth with the zoning and development of Haga Norra led by real estate firm Catena.
An expansive prime location easily accessible to Stockholm and Sundbyberg, Haga Norra is an important hub for high-level business activities.
Haga Norra is near Kista Science City, the largest information and communication technology cluster in the Nordic region. Other landmarks surrounding the area such as the Friends Arena, Sweden's multipurpose national stadium, and Mall of Scandinavia, the largest shopping complex in Northern Europe, offer further appeal for investors and homebuyers.
Focused on streamlining, developing and managing property sites for residential, office and retail areas, Catena spearheads the zoning and development of Haga Norra. "We have almost doubled the Haga Norra property value after the Solna city council approved the zoning plan in 2012," says CEO Andreas Philipson. Initially worth 450 million Swedish kronor (HK$525 million), the land is estimated at 885 million Swedish kronor.
Slated for completion in eight to 10 years, the Haga Norra development will have 800 housing units, 50,000 square metres of commercial space and 10,000 retail outlets.
For innovative and sustainable development, Catena promotes an active green lifestyle and taps into renewable energy sources such as geothermal heat pumps to activate Solna's central heating system.
Opportunities for investments in Sweden stretch further with Philipson, who is also the CEO of the asset management firm TAM Group. TAM could help with inbound international investment interests into Sweden by addressing the shortage of residential units and modern office spaces in the greater Stockholm region.
Investors looking into the Swedish real estate sector can expect steady financial returns with social impact. "It's a stable and growing market, and it's transparent. You know what you buy and you know what you get," Philipson says.
http://www.tamgroup.se
