Citycon wants to expand Liljeholmstorget with 25,000 sqm of premises, among other things by covering the metro. In total, this is an investment of approximately SEK 1 billion.
Citycon plans to expand the successful Liljeholmstorget in Stockholm. The development office proposes that Citycon receive a land allocation for 25,000 sq m of commercial premises and 200 homes.
Of the commercial areas, Fastighetsvärlden can tell you that approximately 15,000 square meters will probably be office space and approximately 10,000 square meters will be retail and service. Citycon also hopes to be able to meet the wishes of creating both a cinema and a library in an expanded Liljeholmstorget. When it comes to clean retail space that is added, it is a maximum of 6,000-7,000 sqm.
The project concerns both Citycon’s existing plot of land Stubinen 2 and part of the city’s property Liljeholmen 1: 1. Construction is made possible by, among other things, covering existing metro tracks. It is proposed that the housing be leased with a right of occupancy and it is probable that someone other than Citycon will complete the housing.
The goal is for the expansion to be completed by 2022. Citycon has been working on the plans for five years.
Liljeholmstorget Galleria opened in 2009. The total lettable area today is 40,600 sqm (of which one third care / office), which is thus expanded to approximately 65,000 sqm.
In Sweden, Citycon owns nine shopping centers, including Kista mall (partly owned), Jakobsbergs centrum, Mölndals Galleria, Åkersbergs centrum, Högdalen centrum and Liljeholmstorget. In total, Citycon owns shopping centers and retail properties in Sweden, Finland, Norway, Denmark and Estonia worth EUR 4.5 billion.