The properties are covered by a legally binding detailed development plan that allows for the construction of a new residential block comprising approximately 30,000 square metres of above-ground gross floor area. Storsala aims to develop well-designed homes of various sizes, focusing on high residential quality, energy efficiency and sustainable material choices.

Veddesta is being transformed into a new urban district comprising residential properties, workplaces, retail and services. The properties are located close to Barkarby station, which is being expanded into a major transport hub for commuter trains, regional trains, buses and the metro. Stockholm's Blue Line is expected to begin serving Barkarby at the end of 2028.

The acquisition strengthens Storsala's presence in northwestern Stockholm and aligns with the company's strategy of investing in attractive locations with long-term development potential.

"Veddesta is an interesting location where we see significant opportunities to contribute new housing as the area continues to evolve. Acquiring our largest residential development project to date, with a detailed development plan that has already gained legal force, represents an important step in our continued expansion in the Stockholm region," says Sofia Folstad, Head of Transactions at Storsala.

The agreement was signed on 10 November 2026, with completion scheduled for 15 January 2027.

Cederquist acted as legal adviser to Storsala in connection with the transaction.