22 January 2020
Grosvenor Europe commences redevelopment project at Bålsta Centrum
Works to expand Bålsta Centrum in Stockholm have begun. The 4,000 sqm project includes the development of a new grocery anchor store, a larger Systembolaget (the Swedish state-run alcohol monopoly) as well as the establishment of three new restaurants including a sushi and ramen bar.
Visitors to Bålsta Centrum will begin to see the first improvements soon, with the first phase likely to complete in autumn 2020.
Carl Strufve, Director Nordics, Grosvenor Europe, comments: “The exciting expansion project and new signings mean Bålsta Centrum will remain a natural city centre destination for the people of the Håbo municipality. What is happening here aligns with our purpose to deliver to create and manage attractive destinations that serve their local community needs.”
About Grosvenor Europe
Grosvenor Europe invests in, develops and manages real estate assets in vibrant European cities including Paris, Stockholm and Madrid. As a part of Grosvenor Group, with a track record of over 340 years, our activities are designed to improve properties and places that will deliver lasting commercial and social benefit in the places we are active.
Our strategy for delivering social benefit identifies five priority areas where we believe we can have the most measurable impact on social and environmental sustainability; sustainable buildings, sustainable businesses and communities, health and wellbeing, nature and net zero carbon. In 2020 we launched our net zero carbon strategy, which commits us to reducing our total carbon impact by 50% by 2030. This strategy was approved by the Science Based Targets Initiative and verified in line with the most ambitious trajectory of the Paris Agreement, to limit global warming by 1.5oC.
As at 31 December 2019, we managed £1.9bn AUM of assets, including Skärholmen Centrum shopping centre in Stockholm, a growing office portfolio in Madrid and Paris and a strong residential development pipeline in Madrid.
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Notes to Editors
Notes to editor
In addition to Bålsta Centrum, we also own Burlöv Center, Skärholmen Centrum, Väsby Centrum, Haninge Centrum and Lidingö Centrum in Sweden.