The beginning of 2021 has been rough on everybody with European-wide restrictions being enforced and people living in continued isolation. What’s more, the prices of construction materials have risen to new heights, making it even harder to stay competitive in the construction market.
But all that said, we are happy and thankful to have new partnerships and projects to keep us busy in the coming months, as we are starting and finishing a few large residential projects.
New partnership for a residential project in Riksten
For a few years, we’ve been exploring ways to start a partnership with one of Sweden’s largest real estate developers. But we’ve had no luck until this year.
Now we’ve had a breakthrough and have an agreement in place to manufacture a residential apartment building development in Riksten. The buildings meet the “Miljöbyggnad Silver” standard.
We’re manufacturing modules for 52 apartments in the scope of the project that are in two apartment buildings. It’s a project where Astel Modular will build everything from the ground up. We’ll lay the foundation, manufacture prefab modules, and carry out the installation work.
Manufacturing of the first building has already begun. The project is set to be fully finished by December, with the first owners moving in October. This is possible because the modular building process is not linear, but the foundation and the apartments themselves are built at the same time. As soon as the foundation is in place, we can start mounting modules that are fully finished (and furnished) in our factories.
We’ll keep you updated on the progress!