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DEVELOPMENTS

EMERGING SKI RESORT,
SWEDEN

MHK are currently preparing for the launch of 150 apartments and a hotel in the epicentre of one of Sweden’s emerging ski resorts. The project will be built in two phases, with a completion by 2012.

As well as having a strong economy with stable growth, Sweden is now Europe’s fourth largest investment market. The domestic real estate market is, according to a recent Reuters report, ‘defying a global credit crunch’.* Sweden’s second home market continues to grow, interest rates remain low and the local and international rental market is strong.

In terms of skiing, Sweden hosted the 2007 Alpine World Cup and boasts some of Europe’s best equipped family resorts. Significant investment in facilities & infrastructure have attracted new markets, as well as catalysed domestic demand, with consistent year on year growth in resort footfall.

We have designed and will be building premium ski-in ski-out apartments (south facing) in the most central location of Björnrike. The resort is an hour away from the airport, which receives international flights including Nielson’s charters from London Heathrow.

We are also working closely with SkiStar PLC, the single largest investor and owner of Scandinavian ski resorts, on plan to continue developing Björnrike into a primary ski destination. SkiStar have committed to increasing facilities and lift capacity over the next five years, as well as to improve infrastructure and services in the resort.

For further information on this please contact us on +44 (0)207 754 5563.

* "Sweden posts 15 pct property return in 2007", LONDON, Feb 27, 2008 (Reuters).


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