Turner & Townsend in Sweden
The Swedish economy was resilient through the pandemic with several sectors experiencing growth, including the construction industry. However, increasing material costs and supply chain constraints are putting pressure on budgets and programmes.
We recognise these issues and are well-placed to advise international and local investors in the Swedish market. There has been international demand for our services in the life sciences and data centre sectors, as well as for development and fund monitoring services. Locally, we have been trusted by a large real estate developer to assist with a complex multi-use project combining infrastructure, residential, hospitality and retail.
The pandemic increased demand for e-commerce and led to strong growth within the industrial and logistics sector. As a result, we are working with some of the world’s leading brands to establish offices and distribution centres.
Currently, the biggest challenge for Swedish real estate is supply chain capabilities and material availability, coupled with client aspirations to plan and implement their decarbonisation strategies. We are using our programme management and advisory services to support clients in creating a robust strategy for their net-zero targets.
With the influx of international investment into Scandinavia and, in particular, the real estate sector, local contractors often struggle to meet the reporting and cost transparency expectations of international clients. Our international team can bridge the knowledge gap and often negotiate compromises and influence outcomes by understanding the business culture both locally and globally.
Making the difference in Sweden
Established in 2016, our Stockholm office now supports local and international clients across Scandinavia, including Microsoft, Spotify, PayPal, Amazon, AstraZeneca and Citycon.
Our team of experienced professionals leverage their local market expertise and hands-on approach to add value to a variety of projects in corporate and office, data centres, industrial and logistics, life sciences, retail, residential and hotels and hospitality.
We distinguish ourselves by delivering high-quality services to our clients and focus on finding the best solutions on a project-by-project basis:
- We are recognised as leaders in safeguarding the commercial objectives of our clients through our cost management services.
- Based on our proven project management and programme management approach, combined with our local Scandinavian market knowledge and incorporation of innovative technology, we actively mitigate risks and transform performance.
- Our dedicated project controls experts are helping our clients in establishing the right reporting requirements to protect their investments and implementing them rigorously to provide control for complex investments.