Challenge

  • How can we develop this historic property in preparation for the future?
  • Protected listed building.
  • Many areas without daylight and large differences in levels within the property.
  • How to develop a detailed development plan with the addition of more floors.
  • The property is currently being run as a hotel with a long contract.
  • Outdated side building.

Process

  • Perform a due diligence feasibility study and an overall analysis of the property’s future potential.
  • Prepare a strategy towards the city to start the planning process.
  • Maximise the building rights.
  • Propose a new floorplan where the 60’s wing is transformed into modern residential housing that allows for and appeals to sought-after senior tenants.
  • Create marketing material to promote the project to potential clients.

Result

  • Altria has moved forward with our change in detailed development plan proposal and is the process has begun with Lidingö municipality.
  • New tenants have shown great preliminary interest.
  • The planning process for a new construction/extension has begun.
  • The property has increased in value.