Ground up residential development of 148 apartments with 7,000 square meters gross area in a 70/30 joint venture with a local development company
The Täby Terrass development comprises a land plot with a building permit in place for a residential scheme containing 148 owner occupied studio apartments. The land plot was acquired and will be developed in a 70 / 30 joint venture with a local development company.
The site is located in Täby, a growing, tightly supplied residential market in the Greater Stockholm area with great demand for small apartments.
The business plan is a ground up development of 148 studio apartments with an average residential area of 35 square meters. The gross area amounts to approximately 7,000 square meters with a sellable area of approximately 5,150 square meters.