Castellum has begun new construction on a car showroom and related operations facilities, covering approx. 23,000 m² on Smista Allé in Huddinge. The area has been developing into Stockholm’s foremost cluster for car dealerships since the beginning of the 2000s. The investment is expected to total €33.4m (317m SEK).
The new building is scheduled for completion during the first quarter of 2019.The property will be constructed in four floors. Floor One and Two will comprise premises with a surface of approx. 9,300 m² Floor Three and Four will house an unheated parking garage with a surface area of approx. 13,900 m².
A 15-year leasing agreement has been signed with NCG Retail Eijendomme AB – who through British MotorGroup Stockholm will run a car dealership, including service and repair departments for the Jaguar and Land Rover automobile brands. The contract includes approx. 4,000 m² heated premises, and parking on the garage floor.
This will be the final new construction along the E4 and Smista Allé, and will include the construction of a noise- and risk-screening barrier from the highway, in consideration of nearby residential areas.
Customers will enjoy access to a 180-metre long, extremely well-exposed signage position, directly toward the E4, as well as the upcoming Stockholm Bypass. This marks completion of the development area adjoining Smista Allé, thereby promoting more conveniently located services and even better public transit. To date, Smista is Castellum’s largest development area in the Stockholm region.
“We’ve been developing a car dealership cluster in the area since 2004. Once this project is completed, we’ll own and manage 59 000 m² of high-quality showroom, business and workshop premises – most of these in the form of concept buildings for well-known upscale car brands, such as Porsche, Mercedes, Audi, Volkswagen, Mini Cooper, Ford and Lexus”, says Henrik Saxborn, Castellum CEO.
