NCC and the municipal housing company Stockholmshem are to jointly create secure and attractive public utility housing in the Stockholm area. Another aim of the upgrade is to halve energy consumption in the rental apartments. The framework agreement is estimated to be worth SEK 500 mln (approx. €53 mln) over three years.
Sweden’s public utility housing stock is currently facing a major refurbishment challenge with thousands of apartments in need of upgrading throughout the country. For Stockholmshem, this means that it is now the turn of the properties built as part of the Million Homes Program of the 1960s and 1970s, which are in substantial need of mains refurbishment and other upgrades.
NCC’s framework agreement with Stockholmshem encompasses the NCC Sustainable Refurbishment concept, an approach by which NCC creates socially and environmentally sustainable living environments. The projects’ economic sustainability derives from interaction between refurbishment, energy efficiency, social sustainability and future maintenance.
The framework agreement means that, during the contractual period, Stockholmshem will implement parts of its planned maintenance together with NCC. The cooperation will get under way during autumn 2015.