Residential developer Alm Equity has broken ground on the Archimedes residential area in Mariehäll, Bromma. This initial construction phase includes the first three blocks—Volta, Vektor, and Axis—comprising a total of 357 apartments destined for the rental market, along with a shared parking garage.
The entire project is expected to encompass approximately 950 apartments across seven blocks. Initial occupancy is scheduled for early 2028. Archimedes is being developed by the associate company Stadsnära Bostäder, in which Alm Equity holds a 40 percent stake, while the turnkey contract is being executed by the subsidiary 2xA Entreprenad. No financial details were disclosed.
ALM Equity AB is a Sweden-based company engaged in the real estate sector. It acquires, develops and sells primarily residential projects. It has three business areas: Residential projects, which comprises detail-zoned properties where residential construction is permitted; Plan projects, comprising properties not yet detail-zoned, or detail-zoned properties where the detail-zoning can be changed, and Project properties, which comprises built-up properties with existing operations. The Company’s geographic markets are Stockholm, Uppsala, Malardalen and holiday locations in Sweden. Its portfolio contains over 30 projects in five geographic areas: The Greater Stockholm Metropolitan area, Uppsala, Malardalen, Central Sweden West and the East Coast South. Its customers are home buyers and real estate companies, among others. In December 2013, it acquired 16,900 square meters residential development rights in Racksta from Sveafastigheter and Byggvesta Bryggvagen BR from Bygg Vesta AB.
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