HENT signs SEK 470m agreement with LKAB for production of residential blocks in Kiruna’s new city centre

2021-12-03

The construction company HENT, which is 73% owned by Ratos AB, has signed an agreement valued at SEK 470m with the LKAB mining group. The agreement pertains to a turnkey project including the design, engineering and production of two new residential blocks in Kiruna’s new city centre.

The project will be carried out in a total of four phases, with three separate buildings on each property. The buildings will be five storeys tall and come in two designs. With entrances from their inner courtyards, the buildings will also be equipped with lifts, stairwells and balconies. Each block will also feature parking spaces, playgrounds and areas for socialising.

Carrying out new production projects north of the Arctic Circle is challenging due to the Arctic climate and long transport distances from other areas of Sweden. HENT has gained extensive experience of construction in the region through its involvement in the ongoing Kunskapsstaden project, in which the company is building a 40,000 square metre school. This project is also being carried out in Kiruna’s new city centre and HENT is building the school on behalf of Kiruna Municipality.

“HENT has gained extensive partnering expertise over a number of years, particularly from government and municipal projects. With this project, we have once again been commissioned to build a particularly high-profile project in Sweden. As the company’s owner, we are very pleased,” says Christian Johansson Gebauer, Chairman of the Board of HENT and President, Business Area Construction and Services, Ratos AB.

The planned apartments will have a modern design featuring energy-efficient solutions. The properties will also be equipped with charging points for electric vehicles. The blocks will be designed to provide tenants with a safe environment. The buildings will feature wooden panel facades.

“I am proud that HENT has once again been asked to take part in the relocation of Kiruna’s city centre. Moreover, partnering with a major player such as LKAB is an important step for HENT. We also look forward to continuing our partnership with the local business community as we execute this project,” says Jan Krepp, CEO of HENT Sweden.

For further information:

Christian Johansson Gebauer, Chairman of the Board of HENT and President, Business Area Construction and Services, Ratos AB, +46 8 700 17 00
Jan Krepp, CEO, HENT Sweden, +46 70 146 32 47

About Ratos:
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2020, the companies have approximately SEK 34 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.