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| Atrium Ljungberg to build the world’s largest wooden city in Stockholm  Atrium Ljungberg, one of Sweden's biggest listed property companies, has announced Stockholm Wood City – the world's largest urban construction project in wood, where the first sod is planned to be turned in 2025 and the first buildings are expected to be completed in 2027.The project extends over 250,000 square meters and is thus the world's largest known construction project in wood. The real estate industry is absolutely crucial in the green transition, as buildings account for as much as 40 percent of the world's CO2 emissions. Stockholm Wood City marks a new era for sustainable architecture and urban development. The new area houses an additional 7,000 office spaces and 2,000 homes in Sickla, in the southern parts of Stockholm. It will offer a vibrant, urban environment with a mix of workplaces, housing, restaurants and shops. In addition to the advantages of wood, the project entails several other environmental benefits. The emphasis on office spaces is a way to meet the deficit in workplaces south of Stockholm's inner city, to shorten commuting times for more people. In a country where energy supply and efficiency are high up on the national agenda, the project will focus on self-produced, stored and shared energy. By investing in resource-efficient construction methods and circular material flows, Atrium Ljungberg wants to change the role of the urban developer. Their ambition is to be a catalyst for innovation just as much as its Swedish peers in industries such as technology, manufacturing and retail. Atrium Ljungberg is one of Sweden's biggest listed property companies. We own, develop and manage properties in growth markets in Stockholm, Uppsala, Gothenburg and Malmö. Our focus is on developing attractive urban environments for offices and retail, supplemented with residentials, culture, service and education. The total letting area is approximately 1 million m2, distributed across around seventy properties and valued at SEK 58 billion. Our retail hubs draw almost 60 million visitors on an annual basis and our areas include more than 30, 000 workers and students as well as 1, 000 residents. Our project portfolio will enable us to invest the equivalent of approximately SEK 40 billion in the future. Atrium Ljungberg is listed as ATRLJ-B.ST on the Nasdaq Stockholm Large Cap list. Find out more at www.al.se write your comments about the article :: © 2023 Construction News :: home page |