Render of the Yrket 4 office building, which is scheduled to open in 2028 in Solna, Sweden. (Image: Tengbom och Walk the Room)

Litreb XII is a subsidiary of KPA Tj盲nstepensionsf枚rs盲kring (KPA Pension), which is part of Folksam Group, one of the country鈥檚 largest insurance companies. The occupant is expected to be Svenska kraftn盲t (Swedish Power Grid), a Sweden-owned public utility company and electricity transmission operator.

Joachim Holmberg, head of property development for NCC, said, 鈥淥ver the next few years, we鈥檒l develop a modern office building that will allow Svenska kraftn盲t to consolidate much of their operations in one location.鈥�

The office build includes demolition and reuse of existing infrastructure at the site.

The design calls for a 52,000m² structure, which will be constructed through several building phases, NCC said. It鈥檚 to feature flexible interior spaces across about seven storeys of space. Developers are planning to achieve a sustainability certification of BREEAM Excellent on the build.

Joachim Holmberg

The sale of the property is subject to permitting, transfer, and notification according to the new Foreign Direct Investment (FDI) Act and the approval of the buyer by the tenant.

Initial demolition will start in the first quarter of 2025 with construction contracts expected to be signed sometime next year.

Project completion is planned for 2028.

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