The 50-year-old Riksbank building is being modernised for the future
News The Riksbank is planning an extensive renovation and restoration of its headquarters at Brunkebergstorg in Stockholm. The building, which is also a listed building, has reached a point where large parts of it need to be renovated and adapted to meet today’s requirements, while preserving its cultural and historical values. The cost estimate amounts to SEK 3.3 billion and this also includes costs for replacement premises. The renovation is planned to start after the summer of 2027.
The Riksbank building, which was inaugurated in 1976 and designed by the architect Peter Celsing, is classified with the Stockholm City Museums highest level of cultural heritage protection – what is known as a blue classification. This means that the cultural and historical values of the building must be preserved, which imposes specific requirements on how renovation and restoration may be carried out. A large part of the work consists of replacing technical systems that have reached the end of their lifespan, such as ventilation, electricity, fire safety and backup power. At the same time, the premises will be adapted to the needs of a modern business, with particularly high demands on safety, working environment and functionality.
This involves extensive interventions in premises that are a listed building, where measures are required to maintain high security standards both during the renovation and in the completed building. The renovation is being carried out with a focus on sustainability and long-term management.
The Riksbank has made an initial overall cost estimate, which forms the basis for further planning ahead of future investment decisions. The estimated cost of the renovation and restoration is SEK 3.3 billion and this includes the cost of replacement premises.
“The Riksbank endeavours to be transparent in all matters, including this one. We are aware that the amount may need to be adjusted before a formal investment decision is taken, but we want to communicate our assessment already at this early stage,” says Chief of Staff Susanna Grufman.
The renovation aims to preserve and develop one of Sweden’s most well-known institutional buildings. The work is currently expected to take around four years. During this period, the Riksbank’s operations will be conducted in replacement premises on Klarabergsgatan and Sveavägen in Stockholm.