Real Estate

Construction starts in Ursvik: 229 sustainable rental homes developed by Niam, Derome and Storsala

Construction starts in Ursvik: 229 sustainable rental homes developed by Niam, Derome and Storsala Image

On 2 July, construction began on a new residential development in Ursvik, Sundbyberg Municipality in Sweden. The initiative is a joint effort by Niam, Derome and Storsala, and comprises 229 timber-built rental apartments with a strong focus on long-term value creation, reduced climate impact and social sustainability.

The project includes approximately 11,000 square metres of residential space and will be constructed using timber, with the aim of achieving the Swedish environmental certificate: Miljöbyggnad Silver. Compared to conventional concrete structures, the timber-based approach significantly reduces the carbon footprint – while delivering modern, high-quality homes.

Ursvik is a growing district within the Stockholm region, offering close access to green areas, services, school, pre-school and public transport. The development is located near a new light rail station scheduled to open in 2025, supporting sustainable travel habits and improved everyday mobility.

“We are pleased to have broken ground on this important project. Ursvik is a well-established and attractive area, close to green spaces, services, and great public transport. We look forward to contributing to more sustainable housing in the area,” says Roger Nilsson, Project Manager at Niam.

“This is a great example of how industrial timber construction can be combined with an urban location. With a lower carbon footprint, shorter construction time and high residential quality, we’re excited to realise the project in close partnership,” says Otto Martler, CEO of Derome BoPartner.

“This project marks an important step in our strategy to grow sustainably and over the long term in attractive areas, while also creating inclusive and vibrant residential environments with strong local roots,” says Martin D’Amore, co-founder and Head of Business Development at Storsala

The groundbreaking marks a key milestone in the development of Ursvik, where modern housing, timber-based architecture and access to public transport come together in a shared vision for the future. First move-ins are planned for August 2027.

Contact
Olivia Lindelöf, Head of Communications, olivia.lindelof@niam.com, +46728867537

About Niam
At Niam, we are committed to equity in action – putting capital to work to create a meaningful difference. As a leading real asset manager in northern Europe, we use our expertise to unlock smarter investments in property and infrastructure. Building on more than 25 years of trust and experience, we are a team of specialists with a passion for performance, uniting our leading expertise to generate the best outcome of our clients. 

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