Ikea, with its cadet company Ikano Bostad, might function as a release valve for Stockholm's growing housing crunch. With 10,000 new residents each year, city officials are desperate to partner with available companies to provide jobs and housing for the newcomers in addition to relieving preexisting housing stress. Ikea may introduce more than 550 apartments and 1,000 jobs with a new contract. And, yes, you can quote me on the term "Ikean" from the title.

The mayor of Stockholm, Sten Nordin, announced the move on Tuesday, saying a tie-up with Ikea and its housing wing Ikano Bostad could create more than one thousand jobs, as well as more than 550 much-needed apartments in a city that attracts 10,000 new residents a year.

The development also aims to transform a disparate area fringed by thorough-fares and stretching into the verdant southern suburb of Enskede.

"There are really five quite different neighbourhoods that we are trying to tie together," Söderstaden ('Southern City') project manager Gerd Comstedt told The Local.

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