Social and environmental measures make a good deal in the long run. That is something that Olof Andersson, CEO at the real estate company Trianon, has learned. Renovating the run-down area Vårsången in Malmö has been a success and the property value has increased significantly.
Vårsången is a residential area with 400 apartments. It was the first area Trianon renovated. In 2011, it was a run-down area with very high energy use and significant tenant turnover. There was also great dissatisfaction among the tenants. Trianon decided to renovate it and started building trust with the tenants by having very close contact. The next step was improving energy efficiency and the goal set up was high. Trianon wanted to reduce energy consumption by 50 %. Another important part of the project was to create jobs. Trianons hired area residents and today 13 of the company’s employees live in the area.
Trianon has an own model for renovating which means that the apartments get fully renovated without making them more luxurious so that the monthly cost for the tenants doesn’t get significantly higher. With the same basic idea, Trianon has built new housing units on a parking area in Lindängen that wasn’t in use. The focus was on matching the ability and willingness to pay in the area. In this project, Trianon hired residents in Lindängen and ten residents was part of building the apartments.
The result of the work of Trianon in the area has resulted in reduced energy consumption by 50 per cent, 35 jobs for the residents, reduced tenant turnover and a doubling of the property value. A win-win for Trianon and the tenants.
Watch the webinar Sustainable Renovation – a Swedish Toolkit below to learn more about the renovation project at Vårsången or the project Vivalla in Örebro. At the end of the webinar, nine tools for renovation projects are presented.
If you want to visit Vårsången and Lindängen, please contact Smart City Sweden South.
The webinar was arranged by Smart City Sweden, The National Board of Housing, Building and Planning (Boverket) and Sustainable Business Hub.