The Land and Environmental Court of Appeal have approved the detailed plan for Hästen 21.

The development, which will include new residential, retail and workspaces, is located next to the department store NK and the office building Mästerhuset, at the intersection of Regeringsgatan and Mäster Samuelsgatan in the heart of Stockholm.

Kristin Willerström, Regional Director for the Nordics, said: “We are extremely pleased with the decision made by the Land and Environment Court of Appeal to approve the detailed plan for Hästen 21. For the past eight years, we have worked closely with the City of Stockholm to develop a proposal that contributes to a more vibrant city.”

Hästen 21 is the pinnacle of our “Project Access” vision which aims to open up a previously closed neighborhood in the heart of the city and transform one of Stockholm’s most central districts into a more accessible and attractive destination.

The new Hästen 21 building will also bring more life to the neighborhood, including a mix of residentials, retail and modern flexible office spaces, with Swedbank being the anchor tenant in the new, state of the art building. We have been active in the neighborhood for several years developing the new office building Mästerhuset in 2015, and in 2017 it created the new public square Smålandstorget which offers retail, restaurants and event spaces as well as new meeting places as we re-established the connection between Regeringsgatan and Birger Jarlsgatan.

Linn-Marie Nordh, Senior Project Manager added: “With its strategic central location, Hästen 21 will set new standards for sustainability and design. The new property is flexibly designed, to meet current as well as future needs. The goal is to certify the building in accordance with LEED Platinum v4, the highest level of sustainability certification available today.”

Designed by Danish architects Schmidt Hammer Lassen, the architecture is inspired by the existing buildings in the area, and the size and height of the building have been carefully designed to complement the cityscape. We anticipate a five-year construction process, and the ambition is to start the project in a timely manner.