ULI Global Awards for Excellence: Swedbank Headquarters, Stockholm

After four decades in Stockholm’s city center, Swedbank had outgrown its headquarters. The banking group wanted a new building that embraced the working methods and technology associated with banking in the 21st century and that reinforced its brand as an innovative financial institution.

Location: Sundbyberg, Stockholm, Sweden
Developer: Humlegården Fastigheter
Designer: 3XN
Overall size: 377,000 square feet (35,000 sq m)

After four decades in Stockholm’s city center, Swedbank had outgrown its headquarters. The banking group wanted a new building that embraced the working methods and technology associated with banking in the 21st century and that reinforced its brand as an innovative financial institution. Saving resources and increasing communication and collaboration, Swedbank brought together more than 2,500 staff members from multiple locations that totaled 538,000 square feet (50,000 sq m) into an efficient, new 377,000-square-foot (35,000 sq m) headquarters on a site that—while somewhat more suburban—is easily accessible by transit. Located in the Sundbyberg municipality in northern Stockholm, the building is designed to express the bank’s core values: openness, simplicity, and care.

The design reinforces the bank’s new ethos of “one office space, one company” and is intended to make many different departments feel like a cohesive whole. The design features a folded “triple V” structure that breaks up volumes and creates an inviting, democratic environment. Employees are located closer to each other than in a traditional office, which contributes to internal communication, visual contact, and knowledge sharing among departments. Another core principle integrated into the new headquarters is “sustainability drives design and business.” The triple-V shape allows for the placement of five atriums that bring in daylight and enable views from the offices, and permits the bank to meet a 50-kilowatt-hour-per-square-meter, half-current standard environmental requirement. In addition, the efficient use of space allows the bank to bring an additional 500 employees to the building, generating greater return on investment.

Daniel Lobo is the Senior Director of Awards, Education and Advisory Group, for the Urban Land Institute, a nonprofit education and research institute that focuses on issues of land use, real estate and urban development. The mission of the Institute is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Prior to joining ULI Mr. Lobo was an independent consultant working as project manager for a variety of urban and research initiatives, in particular facilitating open cultural urban interventions internationally, and new media research. Earlier he worked extensively as project manager for the Center for Communities by Design at the American Institute of Architects, and as Urban Designer at Skidmore, Owings, and Merrill LLP. He holds a MSc City Design and Social Science from the London School of Economics, and a BA (Honors) from the School of Architecture and Interior Design at London Metropolitan University.
Related Content
Members Sign In
Don’t have an account yet? Sign up for a ULI guest account.
E-Newsletter
This Week in Urban Land
Sign up to get UL articles delivered to your inbox weekly.
Members Get More

With a ULI membership, you’ll stay informed on the most important topics shaping the world of real estate with unlimited access to the award-winning Urban Land magazine.

Learn more about the benefits of membership
Already have an account?