Progress requires determination and courage

2024 was the warmest year on record, underscoring the importance of our joint efforts to reduce the climate impact of the construction and real estate industries. We all know that progress requires determination, innovation, and courage – the courage to lead and set an example.

Our largest climate adaptation project, Slussen in Stockholm, reached a milestone this summer with the inauguration of the new Vattentorget. This complex project, involving many stakeholders, exemplifies how design can help address climate risks. The redevelopment secures the city’s drinking water supply and protects Stockholm from flooding. At the same time, it creates new public spaces and parks in prime locations. The issue of biodiversity and greenery is becoming increasingly prominent in urban planning. By prioritising green spaces in our designs, we contribute to improved microclimates, reduced flood risks, better health, and greater resilience. Next year, we will intensify our focus on climate adaptation, biodiversity, and nature-based solutions.

This year also saw the inauguration of Lumi in Uppsala, the most ambitious reuse project we have ever been part of. The architectural solution enabled the reuse of not only the concrete frame but also many other components, such as gypsum boards, metal, stone, and built-in fixtures. The building was also extended with a three-storey timber addition. This reuse methodology accelerated the process, allowing tenants to move in more than a year earlier than would have been possible with new construction. This achievement was made possible through our collaboration with Vasakronan, whose bold decision-making as a developer re-evaluated conventional practices. It also takes courage to use materials in innovative ways to reduce climate impact. In Wales, we are working on the Velindre Cancer Centre, a healthcare project where public areas are constructed using timber and clay.

This year, we’ve also seen a subdued market, which is not entirely unfavourable. It’s clear that tenants across all segments increasingly demand attractiveness, high-quality urban design, experiences, and beauty. Properties that fail to deliver quality are more likely to face higher vacancy rates and decreased profitability. A downturn in the economy highlights the role of architecture as a critical competitive asset.

Once again, I want to thank you for all your efforts throughout the year, and we look forward to continued collaboration in 2025. Next year, our first project in Germany – a residential development with a timber frame – will be completed. The development of the unique Wood City in Stockholm will continue, and Kv Fröet in Uppsala – a climate-positive wooden neighbourhood with reuse and resource-efficient lifestyles at its core – will continue development.

But first, I hope you enjoy a well-deserved rest over the Christmas and New Year holidays.