Fabege and the City of Stockholm have agreed on the granting of a land allocation permit for Hammarby Fabriksväg (Korphoppet 5) which covers up to 33,000 sqm GFA of office space and other business premises. This forms part of the city’s project to connect Hammarbyhöjden and Hammarby Sjöstad. Today, Fabege is the leaseholder of the Korphoppet 5 property.

The raised road Hammarbyvägen and the lower lying Hammarby fabriksväg are proposed to be merged at the lower level and developed into an urban street, with buildings along both sides. The intention is to create a safe, attractive, contiguous urban space with approximately 4,000–5,000 office workspaces, hotels, a square and active ground floors with commercial premises facing the street.

Fabege is the owner of the surrounding properties on Hammarby Fabriksväg and is now planning the future development together with the city and other construction companies. Korphoppet 5 is currently used as a works tunnel for the expansion of the blue metro line, which will have two new stations in Hammarby Sjöstad, meaning that the district will be linked closer to the inner city and have a connection to Nacka to the east and Hagsätra to the south.

“Hammarby Sjöstad is a city district that is close to our hearts, with a good mix of housing, offices, schools, culture and service. Our recent acquisition of the Påsen 1 district, our properties along Hammarby Fabriksväg and this new land allocation permit give us excellent conditions to expand Hammarby Sjöstad’s vibrant urban character and good working environment to the south,” says Fabege’s President and CEO Stefan Dahlbo.

A land allocation permit is an option to negotiate with the city on a specific piece of land, with exclusive rights.

Fabege AB (publ)