Solna and the construction company Peab have signed a new framework agreement that allows the development of Nya Ulriksdal to move forward after several years of standstill. The agreement makes possible land sales for 140,000 square metres of residential building rights, which at today’s land values means income of at least SEK 2 billion for the city in the coming years. It also sets a long-term model for how the remaining land will be developed and sold.

What the agreement covers

Development of Nya Ulriksdal has been under way since 2005. A large part of the district has already been built, but further development has stood still in recent years. Solna and Peab will now jointly draw up a plan for the next stages, based on current needs and market conditions. The plan is to include homes, workplaces, shops, services, meeting places, preschools, LSS housing and social flats. Planning will also take account of green areas and the possibility of improving public transport to the district.

How the land will be sold

Peab gets priority to buy half of the coming residential building rights in Nya Ulriksdal, counted by number of homes. At each land allocation, the land is sold at the market price that applies when the allocation is made. The city is therefore paid according to market value at each point, while Peab gets a long-term opportunity to take part in the development.

  • Residential building rights covered: 140,000 square metres
  • Estimated income for the city at today’s land values: at least SEK 2 billion
  • Peab’s priority share: half of the coming residential building rights

Peab is guaranteed 140,000 square metres of residential building rights in Solna. The part of the volume that does not fit in Ulriksdal will be made possible elsewhere in Solna, and the parties agree that an area next to the Mälarbanan expansion is a suitable location. Sara Kukka-Salam, chair of the municipal executive board, called the agreement an important step for Nya Ulriksdal and for Solna’s continued development.

What happens next

Once the joint plan is ready, the area will receive detailed plans and be built in stages. Separate decisions on land allocation and implementation will be taken before each stage. Solna and Peab will also work for better public transport, for example a new entrance to Ulriksdal commuter rail station or a future cross-city light rail link.

The Mälarbanan area mentioned in the agreement is itself being replanned. Solna’s building committee has approved the detailed plan for expanding the railway from two to four tracks between Huvudsta and Duvbo, a plan that includes about 1,400 new homes. The next step for that plan is a position from the municipal executive board and then the city council.