Our most significant project, which is a little more long term, is of course the transformation of Flemingsberg.
Stefan Dahlbo, CEO
We can look back on a strong year that was also marked by some challenges. The pandemic has affected us in the same way it has affected the rest of society, but we have managed the situation well. During the year we completed the largest office letting in Sweden and the strategic acquisition of SHH Bostad.
The largest office letting of the year was in Flemingsberg, where we will build around 20,000 sqm of office and lab space for Alfa Laval. The agreement runs for 22 years and in 2025, when the approximately 700 employees move in, it will be 60 years since this business last changed address.
In Flemingsberg, we signed an agreement with Huddinge Municipality on land allocations totalling an area of approximately 225,000 square metres, including 195,000 square metres of commercial space and 30,000 square metres of residential space.
According to GPTW (Great Place To Work), an impressive 94 per cent of our employees consider Fabege all in all to be a very good place to work and would recommend Fabege as an employer.
Through a strategic acquisition of SHH Bostad, we are expanding into the residential market. The move was an important part of our strategy to optimise and enhance the value of our portfolio of residential development rights.
GRESB (Global Real Estate Sustainability Benchmark) annually ranks over 1,200 real estate companies worldwide and their sustainability work. In this year's evaluation, Fabege reached 93 points out of 100.
Co-working is a flexible concept developed to offer companies the opportunity to share facilities with other companies. During the year, two major lettings were concluded with co-working company Convendum in Stockholm inner city, on Drottninggatan and Kungsgatan, for a total of 12,000 square metres.
Thanks to a growing portfolio and significant land allocations, we will be working alongside municipalities and other stakeholders on influencing urban development in our areas. During the year we were allocated land in Solna, Hammarby Sjöstad, and Flemingsberg of a total of 264,000 sqm office space and 40,000 sqm residential.
Thanks to early strategically courageous decisions, we are now at the forefront of the industry. Our ambitious sustainability work is well integrated into the entire business and every day, our organisation, large and small, will contribute to the Stockholm region becoming an even more sustainable place. Our economic, environmental, and social responsibility is based on the Paris Agreement's 1.5-degree goal and the UN global sustainability goals. We see that there are strong synergies between the goals and therefore we put a greater focus on the areas where the most important challenges for our business lie. We have high goals for the year 2030 and by continuing to make brave decisions, we are convinced that we will achieve them.
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