Round Hill Capital to develop new global test and tech center in Sweden

Round Hill Capital (RHC) has signed a lease agreement with global transportation leader Alstom to deliver a high-quality office building extension in Finnslätten, Västerås, Sweden’s industrial and business park.

The building permit has been obtained, and construction will launch in November this year with handover to the tenant expected in mid-2023. The modern 10,400-square-meter (112,000-square-foot) building will be directly connected to Alstom’s existing manufacturing and testing facility on the property and will house the company’s new global Test and Technology Centre with more than 600 workers. The center will provide excellence in research and innovation while seeking to develop the next generation of energy-efficient electric propulsion systems to enable clean transportation in the rail and automotive sectors.

The Finnslätten area is fast becoming a global hub for high-tech manufacturing companies in the automation and electrification sectors. The new