Groundbreaking of Pembroke's Mästerhuset project in Stockholm (SE)

Pembroke Real Estate celebrated the groundbreaking of its signature development project at Mäster Samulesgatan 21 in Stockholm. The development is expected to set new standards by providing a brand-new, world-class building for the City that offers high-quality office and retail accommodation in the heart of Stockholm’s central business district.

During the groundbreaking event, attended by more than 100 guests including Mayor Sten Nordin, Pembroke Real Estate announced Mästerhuset as the name for its landmark development in recognition of the property’s prominent location on Mäster Samuelsgatan and referencing Sweden’s tradition of craftsmanship, quality and service that will be present in every detail of the new building.

“We are very excited to begin the construction of our first signature project in Stockholm. Upon completion, Mästerhuset will provide a unique product for the market by offering a brand new building that optimizes efficiencies, performance and sustainability for office and retail tenants in a prime city center location,” said Erik Gustafson, Director of Pembroke’s Stockholm office. “This complicated and unique development was made possible due to the close collaboration and support provided by the City of Stockholm, and we look forward to delivering a new landmark property to the City in 2015.”

Mästerhuset is expected to be the only brand new central Stockholm development delivered in 2015 and will include a total of 30,500 m² of office space over 10 floors, of which Nordea has signed a lease for the first seven floors. The remaining 10,500 m² of office space available will benefit from spectacular views over Kungsträdgården and across Stockholm.

Tenants of Mästerhuset will also enjoy a spacious international style lobby, a sculptured atrium that enhances natural light within the building, as well as outdoor terraces that overlook the city. On each office floor, an inspiring environment will be created with ceiling heights of up to three meters, floor-to-ceiling windows, and an open floor plate that will provide tenants with the most efficient and flexible operating conditions for their business.

The remaining 1,000 m² will be premium commercial space located on the ground floor. Mästerhuset is expected to be the first completely new building in Stockholm City to achieve LEED Platinum accreditation under the Leadership in Energy and Environmental Design (LEED) program, a globally recognized system for measuring the efficiency of buildings.

“Our goal with Mästerhuset, Pembroke’s first development in the Nordics, has been to integrate our international experience with local best practices to set a new standard of building quality for Stockholm,” commented Gustafson. “Several years ago Pembroke made a commitment to Stockholm as an important market for long-term investment and we look forward to further developing our relationship with the City and enhancing our presence in Stockholm for many years to come.”

Mästerhuset is expected be completed in Q3 2015. Cushman & Wakefield have been appointed as the leasing agents and NCC is the design build contractor.

Source: Pembroke Real Estate

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