Astel Modular – a look back at 2019

Astel Modular – a look back at 2019

Astel Modular – a look back at 2019


2019 was the year when global markets increasingly focused on the promise of modular construction, including its possibilities and ways it can realized projects with its innovative technologies. As the recap of the first half of the year indicated, 2019 had the potential of being a year of rapid growth for Astel Modular. We’re glad to say that everything we hoped for materialized and now we have the pleasure to look back at a successful year, filled with new endeavours.

Kristalli Ilves

Our year started with announcing a new partnership with the ICON Real Estate Fund, which planned to create Finland’s largest modular apartment building project. We held a press conference announcing the details of the project and have begun construction and production, which will continue into the new year.

More information about the project can be found here

Entrance to the Norwegian market – and our first completed project

One of the most important steps for us this year was our expansion into the Norwegian market. We started off with three new projects, the first of which has already been completed. We produced prefabricated modules in our Estonian house factories and transported them to a Norwegian ski resort, where they were assembled as an apartment building to provide seasonal accommodation for the resort’s workers.

Detailed information about the project

A new apartment building project in Karlskrona – have a look at the first completed module

We started a new, and hopefully long-running, collaboration to manufacture new apartment building modules for a project in Karlskrona. The project consists of five apartment buildings, which are produced in five stages. The 2-4 room apartments will provide luxurious accommodation at a reasonable price – a feat that is possible only with careful planning and efficient work.

The first modules fully finished in by us look like this:

A new collaboration with Andersson Company Byggnads

In the second half of the year, we reached an agreement to collaborate with Andersson Company Byggnads to manufacture a modular apartment building that exceeds the requirements of Miljöbyggnad Silver. The planning work has begun and the project is set to be completed in 2020. It has become increasingly important to construct buildings in a sustainable way, and we are looking to raise our standards with every passing project.

Have a closer look at the project here

Astel Modular took top place in wood industry and construction material manufacturering according to Estonian business newspaper Äripäev

As the roots of our growth extend to the previous years, we were happy to claim two awards from the Estonian business newspaper Äripäev. Astel Modular was the fastest growing company in the wood industry, multiplying its previous sales revenue by 1.9 times and profits by an astounding 11.1 times.

Astel was also the best paying employer in the construction materials sector, which shows our dedication towards creating a great work environment by valuing the input of our specialists and making efforts to retain them and their expertise.

Read more

Completed projects in Sweden – Svedjaren, Bony Kästa

In between announcing new collaborations and projects, we also finished some of the projects that had been planned and begun in 2018. Two of the more recently completed projects in Sweden were rental apartment buildings in the Stockholm area:

Bony Kästa – a project consisting of three apartment buildings in Stockholm County, with a total of 59 apartments

Svedjaren – an apartment building project of four buildings in Stockholm with 50 new rental apartments. Read more about the project here!

2020 is coming soon

2019 laid the foundations for another great year in 2020. As modular construction becomes ever efficient, our advantages over regular construction companies grow even clear. We can offer great prices and large volumes without making compromises in the quality of our buildings.

Our experiences help us manufacture modular buildings with beautiful quality in a way thatis no longer visibly identifiable from any other building on the street. With sustainability and environmental friendliness being our two most important goals, we hope that 2020 will be even better.

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Astel AB

Assembly and construction of modular buildings

christian@astelmodular.se
+46 (0) 70 23 00 475

c/o The Park, Sveavägen 98, Stockholm
Reg.no 559092-4139

Astel Modular OÜ

Production of modular buildings

info@astelmodular.com
(+372) 520 2826

Teeninduse tee 7, Tõrvandi, Estonia
Reg.no 12441488

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