Fabege and the TB Group have signed an agreement to jointly develop approximately 130 tenant-owner apartments at the old Råsunda Stadium, next to Solna Centrum and the metro station. Fabege already owns the so-called “Dallashuset” (the property Lagern 3), which is being converted into attractive tenant-owner apartments. The TB Group has now acquired 50 per cent of the project and the parties have agreed to run a joint venture. The project launch will take place in autumn 2018, with the first residents moving in during autumn 2020.

For Fabege, the joint venture structure is a means of taking advantage of a larger portion of a value-adding project and evaluating a form of cooperation ahead of future housing development projects. The TB Group will be taking management responsibility for project planning, production and the sale of the apartments.

- “As a proactive urban developer, it is quite natural for Fabege to also get involved in creating new homes. The project in Solna and partnership with the TB Group is another example of such an initiative, with Fabege actively contributing to more homes being built,” says Klaus Hansen Vikström, Vice-President and Director of Business Development at Fabege.

- “We really like the location of the project and see great potential to create attractive residential properties there. We are very pleased to initiate this cooperation and look forward to contributing to the city district development in Råsunda together with Fabege,” says Marcus Lerander, CEO of the TB Group.

The sale to the TB Group will not initially entail any accounting effects.

Fabege AB (publ)

For more information about TB Group you can visit tb.se (Swedish only)