The first phase of construction is set to begin in Q1 2025. Credit: Arkitekt FOJAB/K-Fast Holding/Cision.

Wallenstam, a Swedish property company, has announced plans for the construction of a new domestic mixed-use project in Årstaberg, Stockholm. 

The development will feature approximately 400 apartments, as well as commercial spaces and a two-level car park.

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The site’s buildings will range from seven to 25 floors. 

Wallenstam CEO Hans Wallenstam said: “It feels great to be able to start a new construction of apartments in these times.  

“We know that there is huge demand and we are therefore proud with this construction project to be able to provide just over 400 new apartments to Stockholm and Årstaberg.” 

Specifically, K-Prefab, a subsidiary of K-Fast Holding, has entered into a full-service agreement with Noccon to provide a concrete frame for the construction of this project.  

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Wallenstam is Noccon’s end customer. 

K-Prefab CEO Stefan Paulsson said: “This is K-Prefab’s largest single order in [its] history and I am both happy and proud that we have been selected to deliver a complete frame solution for a project of this size.  

“It is another testament of our strong product and our competitiveness as a frame contractor.”  

This project, with an order value of approximately Skr200m ($18.71m), is set to achieve the Miljöbyggnad Silver (version 4.0) certification. 

K-Prefab will undertake the contract using its concrete frame system, which includes cast and painted facades. 

The production of the prefabricated concrete elements and the construction process will be executed in phases.  

The initial phase of construction is expected to begin in the first quarter (Q1) of 2025. 

Wallenstam anticipates that the first residents will be able to move into the new apartments during 2026. 

This comes after NCC signed an agreement with K-Prefab to provide concrete and steel frame solutions for new facilities in Halmstad, Sweden, in February this year.