Swedish housing developer Besqab AB (publ) has acquired residential building rights for approximately 130 apartments in Solna, near Solna Station. This strategic acquisition, finalized through a corporate transaction with Skandia Fastigheter, involves the property Ballongberget 4 and covers approximately 10,000 square meters of gross floor area. The purchase price is SEK 151 million.
Project Details & Timeline
The Ballongberget 4 property is strategically located between Ballonggatan and Kolonnvägen, providing direct access to Solna Station. The project includes 130 tenant-ownership apartments, with a focus on climate-efficient construction.
- Expected project initiation: Q4 2025
- Estimated completion: 2028
- Garage construction: Skandia Fastigheter will develop a garage on the ground floor, pending building permits.
Besqab plans to begin production by late 2025, provided all necessary approvals are obtained.
CEO Statement on the Acquisition
Magnus Andersson, CEO of Besqab, highlighted the project’s strategic importance:
“It is very positive that we have been able to acquire another new housing project in an excellent commuter location, close to both shopping and natural areas. We see clear signs that the sale of new production has picked up again, and it is strategically right for us to invest in project opportunities with a short start-up period to meet the demand for sustainable, high-quality housing.”
Solna Real Estate Market Overview
Solna, a thriving suburb of Stockholm, has experienced dynamic real estate growth.
Current Property Prices in Solna
- Rental Market:
- 20 sqm studio (Ritorpsvägen): SEK 11,500/month
- 111 sqm 3-bedroom apartment (Våtmarksvägen): SEK 25,300/month
- Average monthly net salary in Solna: SEK 35,426
Impact on Housing Demand
Besqab’s new development will add high-quality housing options in a well-connected location. Given current rental trends and the strong demand for modern apartments, these units are expected to attract both buyers and renters.
Final Thoughts
Besqab’s latest investment in Solna’s real estate market reflects the company’s commitment to sustainable, high-quality housing in prime locations. With construction expected to begin in late 2025, these apartments will provide a sought-after living option in one of Stockholm’s most attractive suburbs.
