
Gigantic Wooden City Being Built in Europe Will Be 2.7M Sq Ft in Size
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
A European city is setting new standards in sustainable urban development with the construction of the world's largest wooden city, covering 2.7 million square feet, in Stockholm, Sweden.
The Stockholm Wood City project will use mass timber to create thousands of homes and offices, integrating environmental innovation into every aspect of city life.
Newsweek contacted developer Atrium Ljungberg for more information on the story via email.
Why it Matters
The construction and real estate sector is responsible for nearly 37 percent of global carbon emissions, according to industry estimates. The Stockholm Wood City project aims to demonstrate how mass timber construction can dramatically reduce environmental impact while delivering comfortable, modern living and working environments.
What To Know
The Stockholm Wood City, spearheaded by developer Atrium Ljungberg, is being erected in Sickla, a former industrial area south of Stockholm's center. The development will combine residential, commercial, and public spaces spanning 250,000 square meters, or approximately 2.7 million square feet.
The initiative, with an investment of around $1.25 billion, features 7,000 office spaces, 2,000 homes, schools, and retail outlets, all built primarily with cross-laminated timber.
A rendering of the Stockholm Wood City, which will be built from Timber in Sweden.
A rendering of the Stockholm Wood City, which will be built from Timber in Sweden.
Atrium Ljungberg
Construction is set to begin in 2025, with the first phase, including "Kvarter 7"—an 80-apartment residential block—targeted for completion by late 2025. More residences and an office block are planned by 2027.
Engineered wood, specifically mass timber, is expected to cut emissions compared to standard construction materials.
According to a USDA Forest Service study published in 2024, timber buildings generate "at least 81 percent lower global warming potential than concrete and 76% lower than steel" builds.
Glulam components are used extensively throughout the site, from the structural frames to floor slabs and staircases.
What People Are Saying
Atrium Ljungberg's CEO, Annica Ånäs, told Axios in a 2023 interview: "I am convinced that we will see more such projects across the world.
"I just think people need to see examples of it. Now when they do, I am sure they will be inspired".
In a statement on their website, Atrium Ljunberg said: "Stockholm Wood City marks a new era for sustainable architecture and urban development. Aside from timber construction, the project entails a number of additional environmental benefits.
"The focus on office space is a means of addressing the shortage of workplaces south of Stockholm's inner city, thus shortening commuting times for more people. The project's climate impact is also minimised through internally produced, stored and shared energy. Focus is on internally produced, stored and shared energy. This is achieved in part through extensive rooftop solar arrays with batteries, together with underground borehole energy storage for heating and cooling."
What Happens Next
The Stockholm Wood City project is on track to begin construction in 2025, fueled by Sweden's forestry resources and its tradition of timber building. Upon completion, it is expected to serve as a large-scale demonstration of low-carbon urban development.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
a few seconds ago
- Business Wire
Advicenne Receives Marketing Authorization and Reimbursement for Sibnayal® in Saudi Arabia
PARIS--(BUSINESS WIRE)--Regulatory News: Advicenne (Euronext Growth® - FR0013296746 - ALDVI), a pharmaceutical company specializing in the development and marketing of innovative treatments for people suffering from rare kidney diseases, obtains marketing authorization (MA) and reimbursement status for Sibnayal® (a fixed combination of potassium citrate and potassium bicarbonate) in the Kingdom of Saudi Arabia (KSA). Marketing authorization for Sibnayal® (ADV7103) in distal Renal Tubular Acidosis (dRTA) in KSA has been granted, based on the European registration dossier. Furthermore, Saudi authorities have agreed a reimbursement rate in line with the best European pricing. This achievment results of a close collaboration between Advicenne and its local partner, Taïba Healthcare, a leading distributor of pharmaceutical products in the Gulf region. Advicenne will act as the marketing authorization holder, while Taïba Healthcare will manage local marketing activities. The incidence of dRTA is higher in Gulf countries than in Europe or the United States, and prevalence in KSA could be estimated around 600 to 800 patients. Sibnayal® is already prescribed through early access programs in several Gulf countries outside Saudi Arabia. This milestone paves the way for registrations in GCC countries where the application is filed. Didier Laurens, CEO of Advicenne, declared: 'I am particularly proud of this important achievement and wish to congratulate both Advicenne and Taïba Healthcare teams, whose efforts were instrumental in informing and convincing the Saudi health authorities. The reimbursement obtained, comparable to the highest levels recorded in Europe, further attests to the significant therapeutic value of Sibnayal® in a region with one of the highest prevalence rates of dRTA worldwide.' About Advicenne Advicenne (Euronext: ALDVI) is a specialty pharmaceutical company founded in 2007, specializing in the development of innovative treatments in Nephrology. Its lead product Sibnayal® (ADV7103) has received its Marketing Approval for distal renal tubular acidosis in EU and GB. ADV7103 is currently in late-stage development in cystinuria in Europe and in dRTA and cystinuria in the US and in Canada. Headquartered in Paris, Advicenne, listed on the Euronext Paris stock exchange since 2017, has now been listed on Euronext Growth Paris since its transfer on March 30, 2022. For additional information, see: Disclaimer This press release contains certain forward-looking statements concerning Advicenne group and its business, including its prospects and product candidate development. Such forward-looking statements are based on assumptions that Advicenne considers to be reasonable. However, there can be no assurance that the estimates contained in such forward-looking statements will be verified, which estimates are subject to numerous risks including the risks set forth in the 2024 Universal Registration Document filed with the French financial market authority on April 29, 2025 (a copy of which is available on and to the development of economic conditions, financial markets and the markets in which Advicenne operates. The forward-looking statements contained in this press release are also subject to risks not yet known to Advicenne or not currently considered material by Advicenne. The occurrence of all or part of such risks could cause actual results, financial conditions, performance, or achievements of Advicenne to be materially different from such forward-looking statements. Advicenne expressly declines any obligation to update such forward-looking statements.


The Hill
30 minutes ago
- The Hill
Asian shares are mixed after Wall Street sets more records for US stocks
BANGKOK (AP) — Stock markets in Asia were mixed on Monday after U.S. stocks rose to more records as they closed out another winning week. U.S. futures and oil prices were higher ahead of trade talks in Stockholm between U.S. and Chinese officials. European futures rose after the European Union forged a deal with the Trump administration calling for 15% tariffs on most exports to the U.S. The agreement announced after President Donald Trump and European Commission chief Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland staves off far higher import duties on both sides that might have sent shock waves through economies around the globe. Tokyo's Nikkei 225 index lost 1% to 41,056.81 after doubts surfaced over what exactly the trade truce between Japan and U.S. President Donald Trump, especially the $550 billion pledge of investment in the U.S. by Japan, will entail. Terms of the deal are still being negotiated and nothing has been formalized in writing, said an official, who insisted on anonymity to detail the terms of the talks. The official suggested the goal was for a $550 billion fund to make investments at Trump's direction. Hong Kong's Hang Seng index gained 0.4% to 25,490.45 while the Shanghai Composite index lost 0.2% to 3,587.25. Taiwan's Taiex rose 0.3%. CK Hutchison, a Hong Kong conglomerate that's selling ports at the Panama Canal, said it may seek a Chinese investor to join a consortium of buyers in a move that might please Beijing but could also bring more U.S. scrutiny to a geopolitically fraught deal. CK Hutchison's shares fell 0.6% on Monday in Hong Kong. Elsewhere in Asia, South Korea's Kospi was little changed at 3,195.49, while Australia's S&P/ASX 200 rose 0.3% to 8,688.40. India's Sensex slipped 0.1%. Markets in Thailand were closed for a holiday. On Friday, the S&P 500 rose 0.4% to 6,388.64, setting an all-time for the fifth time in a week. The Dow Jones Industrial Average climbed 0.5% to 44,901.92, while the Nasdaq composite added 0.2%, closing at 21,108.32 to top its own record. Deckers, the company behind Ugg boots and Hoka shoes, jumped 11.3% after reporting stronger profit and revenue for the spring than analysts expected. Its growth was particularly strong outside the United States, where revenue soared nearly 50%. But Intell fell 8.5% after reporting a loss for the latest quarter, when analysts were looking for a profit. The struggling chipmaker also said it would cut thousands of jobs and eliminate other expenses as it tries to turn around its fortunes. Intel, which helped launch Silicon Valley as the U.S. technology hub, has fallen behind rivals like Nvidia and Advanced Micro Devices while demand for artificial intelligence chips soars. Companies are under pressure to deliver solid growth in profits to justify big gains for their stock prices, which have rallied to record after record in recent weeks. Wall Street has zoomed higher on hopes that President Donald Trump will reach trade deals with other countries that will lower his stiff proposed tariffs, along with the risk that they could cause a recession and drive up inflation. Trump has recently announced deals with Japan and the Philippines, and the next big deadline is looming on Friday, Aug. 1. Apart from trade talks, this week will also feature a meeting by the Federal Reserve on interest rates. Trump again on Thursday lobbied the Fed to cut rates, which he has implied could save the U.S. government money on its debt repayments. Fed Chair Jerome Powell has said he is waiting for more data about how Trump's tariffs affect the economy and inflation before making a move. The widespread expectation on Wall Street is that the Fed will wait until September to resume cutting interest rates. In other dealings early Monday, U.S. benchmark crude oil gained 24 cents to $65.40 per barrel. Brent crude, the international standard, also added 24 cents to $67.90 per barrel. The dollar rose to 147.72 Japanese yen from 147.71 yen. The euro slipped to $1.1755 from $1.1758.


Newsweek
2 hours ago
- Newsweek
Thousands of Boeing Employees Could Strike Next Week: What To Know?
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. More than 3,200 union workers at three St. Louis-area plants that produce U.S. fighter jets voted "overwhelmingly" to go on strike on Sunday after they rejected a proposed contract that included a 20 percent wage increase over four years. The company said it was preparing for a strike that the union said could begin on Aug. 4. Why It Matters The company has faced serious difficulties over recent years including several safety-related incidents. In March, Transportation Secretary Sean Duffy said Boeing had lost the trust of the American people and needed strict oversight after a mid-air panel blowout on a new Alaska Airlines 737 MAX 9 airplane that was missing four key bolts and two fatal crashes in 2018 and 2019 that killed 346 people. A Boeing 787 Dreamliner crashed in India last month killing 260 people. A strike late last year by machinists' union memes put a heavy toll on the company, compounding existing production issues and stalling the manufacturing of its key aircraft, including the 737 MAX, 767, and 777 models. Pro-union signs are pictured outside the Boeing Renton Production Facility on November 3, 2024. More than 3,000 members of the International Association of Machinists and Aerospace Workers in the St. Louis area voted on Sunday... Pro-union signs are pictured outside the Boeing Renton Production Facility on November 3, 2024. More than 3,000 members of the International Association of Machinists and Aerospace Workers in the St. Louis area voted on Sunday to go on strike. MoreWhat To Know The International Machinists and Aerospace Workers union, or IAM, said the vote by District 837 members was overwhelmingly against the proposed contract. The current contract was to expire at 11:59 p.m. CT on Sunday, but the union said a "cooling off" period would keep a strike from beginning for a week, until Aug. 4, according to The Associated Press. Union leaders had recommended approving Boeing's offer sent last week, calling it a "landmark" agreement that the offer would improve medical, pension and overtime benefits in addition to pay. Dan Gillian, Boeing's Air Dominance vice president, general manager and senior St. Louis Site executive said in an emailed statement that the company was disappointed that the Boeing employees voted down "the richest contract offer we've ever presented to IAM 837 which addressed all their stated priorities." The Boeing Air Dominance division produces several military jets, including the U.S. Navy's Super Hornet, as well as the Air Force's Red Hawk training aircraft. The division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter, the F-47, after it won the contract earlier this year. The Next Generation Air Dominance (NGAD) fighter jet program, initially conceived as a "family of systems" centered around a sixth-generation fighter jet, is meant to replace the F-22 Raptor. What People Are Saying Boeing's Air Dominance Vice President Gillian said in the statement: "We've activated our contingency plan and are focused on preparing for a strike. No talks are scheduled with the union." IAM said in a statement: "Union members delivered a clear message: the proposal from Boeing Defense fell short of addressing the priorities and sacrifices of the skilled IAM Union workforce. Our members are standing together to demand a contract that respects their work and ensures a secure future." What Happens Next The strike is due to begin after a one-week "cooling off" period, on Aug. 4.