Daily Newsletter

10 October 2023

Daily Newsletter

10 October 2023

SSEA wins construction contract for new town hall in Sweden

The building will be built according to BREEAM Excellent and Well Gold sustainability standards.

RanjithKumar Dharma October 10 2023

Ratos-owned construction company SSEA has received a contract to build a new town hall in Ängelholm, Sweden.

SSEA, part of SSEA Group, will work together with architect Liljewall to design and build the new town hall.

Work on the development, which was unveiled as an architecture and construction competition in late 2022, will begin immediately with project planning.

The hall is anticipated to be completed in 2026-27 and is expected to serve as a model for sustainable construction and architecture.

The use of timber frames and recycled brick materials plays a crucial role in reducing the development's environmental footprint, according to the company.

The building will be designed in line with the Building Research Establishment Environmental Assessment Methodology (BREEAM) Excellent and Well Gold sustainability certifications.

SSEA Group board chair Christian Johansson Gebauer said: “Winning such a prestigious contract is an indication of the strength of Ratos’s infrastructure and construction operations.

“With its partnering model and expertise, SSEA is a leader in the industry, even in a tougher macroeconomic climate.

“We are delighted to have secured yet another high-profile sustainable construction project in our portfolio as sustainable buildings are profitable for everyone involved.”

With its head office in Stockholm, Sweden, SSEA works on construction projects for customers in the private and public sectors across the country. It also manages regional offices in Malmö and Luleå.

The company’s project portfolio consists of Sweden’s tallest timber building, Sara Kulturhus in Skellefteå.

North America Construction market dynamics

Per GlobalData estimates, the North America construction market size is expected to reach $1,772.5 billion in 2023. The increased spending from the public and private sectors in the regional energy and infrastructure domain is projected to aid the market growth. The energy and utilities construction sector is expected to depict a AAGR of 8.7% in real terms from 2024 to 2027, supported by investments in regional renewable energy and oil and gas projects.

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