Fabege has signed a 20-year lease with The Winery Hotel, which is jointly owned by Star Management AB and HKC Hotels AB, for a hotel at the Järvakrogen 3 property in Solna, which is located at the E4/E18 motorway interchange. The lease covers 7,500 sqm of hotel space and the hotel is expected to be completed in September 2015.
The new visionary concept behind the hotel was developed with focus on the substantially increased interest in wine and winemaking in Sweden. The building’s architecture with brick walls and large sections of glazing is inspired by that of a large market hall buzzing with life round the clock. The development will include a winery producing its own wine, a wine bar, a delicatessen, a restaurant and the largest vinotheque in Sweden. This is an entirely new meeting concept in a market hall environment with a focus on events. To further amplify the wine-based concept, the hotel will be enclosed by a brick wall and a large open-air restaurant with pergolas and grapevines. On the roof of the hotel, with views over Brunnsviken lake and Haga Park, a health club will be constructed with a spa and a yoga studio.
The total annual contracted lease value is about SEK 24m, which will be recognised under net lettings from the third quarter of 2013. Fabege’s investment in the project is estimated at SEK 260m.
“The Winery Hotel will be a truly exciting addition, with a completely unique concept for Sweden and interesting architecture that will enrich both Solna and the entire gateway to Stockholm,” says Klaus Hansen Vikström, Director of Business Development at Fabege.
Fabege AB (publ)