Sjælsø Gruppen will develop its second residential project in Stockholm. The project comprises 40 flats with a view of the waterfront and of the fashionable Södermalm. The project value constitutes approx. €13.5 million (DKK 110m). The residences are expected offered for sale in the summer of 2007.
The project is located in the Liljeholmen district, in a mixed residential and commercial area in rapid development and with only 5 minutes to Gamla Staden (the old part of Stockholm) and to the subway. Liljeholmen is one of Stockholm's new development areas where more than 3,000 new residences are expected. The area was formerly applied for commercial and industrial purposes, but in the next few years, it will be transformed into an attractive residential area close to recreational areas and public transportation.
Sjælsø Gruppen's first residential project in Stockholm was fully sold in 2006.
Source: Sjælsø Gruppen