Titania commissioned the analysis firm Evidens to produce a report on the effects of the new development project Tingstorget in Alby. The report highlights measurable improvements in employment rates, economic standards, and perceived safety.
Alby is classified as one of Sweden’s particularly vulnerable areas. The study aimed to answer two key questions: whether it is socially and economically sustainable to address structural challenges in such areas through urban development, and what investment-related conditions exist for building in these environments. The construction project, which included 741 newly built apartments and approximately 1,000 square meters of commercial space, was carried out between 2016 and 2019. Of the apartments, 495 were sold as tenant-owned units, while 246 remain under Titania’s long-term management.
The study measured outcomes across a range of parameters and demonstrated tangible improvements in the socio-economic conditions of the area as a whole. Notably, it showed that residents in the surrounding existing housing stock reported increased feelings of safety following the development of Tingstorget. This supports the hypothesis that large-scale urban development with a deliberate focus on social sustainability can help address challenges in vulnerable areas.
The report also examined the investment potential of the area and found, among other things, that a surprisingly high proportion of local residents meet the income requirements for renting a newly built apartment at Tingstorget. Furthermore, the study indicates that vacancy risk in Titania’s portfolio only arises at an average rent level of SEK 3,100 per square meter (based on the mix of apartment sizes). In comparison, the contracted average rents in Titania’s portfolio currently stand at SEK 2,700 per square meter.
Download the full report in Swedish or English below.