Skanska has signed a 10-year lease agreement with Telenor Sweden and Telenor Connexion for approximately 6,600 square meters in the Olivin office building. As a result, the building is now about 87% leased.
Telenor plans to move its Swedish headquarters to the site in 2028. Meanwhile, Skanska will relocate its own headquarters there by late 2026.
A Modern Workplace in a Growing District
Olivin is located in western Kungsholmen, a rapidly developing area in Stockholm. The building will offer 23,000 square meters of space across eleven floors. In addition, it will host a mix of corporate tenants.
Designed for Well-Being and Functionality
The project follows the “Business in Balance” concept. This approach combines productivity with employee well-being. For example, the building will include conference areas, terraces, and fitness facilities. It will also offer wellness services and bicycle parking.
Moreover, a central hub on the ground floor will provide a restaurant, café, reception, and catering services. This setup aims to support daily workplace needs efficiently.
Sustainability at the Core
The building incorporates energy-efficient systems and carbon-reduction measures. Therefore, Skanska aims to achieve LEED Platinum certification. This reflects a strong commitment to sustainable development.
Similarly, this aligns with broader trends in sustainable construction innovation, where companies focus on low-carbon and energy-efficient solutions.
Strategic Location Benefits
Western Kungsholmen continues to attract businesses due to its strong transport links. In addition, the area offers a balanced mix of residential and commercial spaces. The Lindhagen district, where Olivin is located, represents the final stage of development. It will deliver around 90,000 square meters of office space.
Industry Perspective
Overall, projects like Olivin highlight a shift toward smarter and more sustainable workplaces. Furthermore, developers are focusing on efficiency, flexibility, and employee experience.
At the same time, the sector is evolving through 3D printing in housebuilding innovation, which is improving construction speed and sustainability.
The focus on employee well-being also reflects wider industry initiatives, such as mental health investment programs in construction, which aim to improve safety, productivity, and workforce resilience.
