Mölndal Galleria Image: Citycon
Development

Movement on Mölndal Galleria in Sweden

The groundbreaking for the new Mölndal Galleria and the transformation of Mölndal’s city center took place on 27 August in a ceremony held on the construction site. The event was jointly organized by Citycon, NCC, Riksbyggen, and MölndalsBostäder, the four companies investing in the scheme.

“We are pleased that construction has now started. The interest from tenants has been high and today more than half of the retail space is leased, including anchors such as H&M, Systembolaget, and Lindex, as well as a large Ica grocery store. Although the main focus will be on retail, the mall will also become a meeting place for residents and visitors through its offering of services, restaurants, and cafés,” says Nils Styf, Chief Investment Officer at Citycon.

Central Mölndal is currently being given a complete makeover. The city center will feature 400 brand-new apartments and refurbished inner-city streets and squares. The old mall is being demolished to make way for a new, state-of-the-art shopping center with over 70 shops, 24,000 sq m of retail space, and parking spaces for more than 800 cars.

Mölndal Galleria is being (re)developed in a joint venture between Citycon (50%) and NCC (50%). Citycon will acquire NCC’s share of it when the project is completed, and is investing a total of approximately €120 million. The new shopping center is scheduled to open in 2018. In addition to Mölndal Galleria, NCC is also currently building the new SCA head office next to the shopping center and 145 apartments for Riksbyggen, and Mölndalsbostäder is investing in 200 new apartments in the city center.

The project’s location is right in the heart of Mölndal in South Sweden, close to the Mölndalsbro transport hub – served by trains, buses and trams – will make it easier to travel green. Mölndal Galleria will also feature electronic signboards displaying public transport departures, around 20 charging stations for electric cars, and plenty of bicycle parking.

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