At the end of last week, Wingårdhs, JSB, and SBU formed a company called SBU Framtid AB after JSB and Wingårdhs acquired a total of 67% of their votes and capital in the new venture. The merger includes the fully owned subsidiary Svensk Bostadsutveckling AB.
“Together we have tremendous capacity to realize a project,” says Gert Wingårdh. “We are all visionaries with different areas of expertise but the same goal—simply put, to give more people a chance to live better.”
The business model for SBU Framtid AB is to use our shared expertise and experience to design and build cost-effective and housing worth its price with high and distinctive architectural design. Wingårdhs contributes the architecture, JSB the construction experience and resources, and Torsten Kai-Larsen from SBU an extensive network and many years of experience in property development.
The merger brings with it a number of housing projects in Mälardalen, Södertälje, and Karlskrona with a total market value of almost a hundred million euros. Several additional projects are in the pipeline.
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