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Groundbreaking for new black building in Stockholm

Press release 9/20/2011 12:30 PM

Internationally acclaimed architect Gert Wingårdh, together with JM President Johan Skoglund, turned the first sod today for the initial phase of Kajen 4, which will perhaps be the most spectacular high-rise in Stockholm – it is completely covered in black metal and has protruding circular balconies. 

“Kajen 4 is a project that inspires pride,” says Johan Skoglund, President of JM.

Gert Wingårdh is the architect behind Kajen 4, which is located right in the middle of Liljeholmskajen in Stockholm. Vin & Sprit’s production facilities were previously located here. The project is divided into two phases; the first one consists of a 21-storey contemporary design building. In addition to the black metal façade, the high-rise is characterized by protruding balconies that give a view in all directions. The two phases will comprise a total of 170 flats consisting of 1-4 bedrooms.

There has been a great deal of interest in the flats, which are conveniently located close to both the water and the city. The 105 flats in the first phase have not yet been offered for sale to the public, but about a third of them have already been reserved by JM’s VIP customers.

Kajen 5 is an energy-efficient building with low heating costs and reduced carbon dioxide emissions. The building falls under the second highest energy efficiency class, with an estimated energy consumption of 79 kWh/m2and year according to JM’s recently launched energy classification system. This can be compared to the Swedish National Board of Housing, Building and Planning’s requirement of 110 kWh/m2.

It is estimated that residents can begin moving in at the end of 2013.

The groundbreaking means that production of the first phase including 105 flats will start in Q4 2011.

JM is one of the leading developers of housing and residential areas in the Nordic region.  Operations focus on new production of homes in attractive locations, with the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM shall promote long-term quality and environmental management in all its operations. Our annual sales total approximately SEK 10 billion and the company has about 2,200 employees. JM AB is a public limited company listed on the NASDAQ OMX Stockholm, Mid Cap segment.