With its 323,000 inhabitants, Malmö is Sweden's third largest city and it is growing rapidly. It is a young city where nearly half the population is under 35. A third of the municipality's residents were born abroad, with origins in 177 countries. Only New York, London and Washington have a more diverse population.
The business sector in Malmö has undergone major changes in the past 25 years. Major industries - like Kockums shipyard - have been replaced by small and medium-sized enterprises. The IT sector is growing as is the number of employees in commerce. Never before have so many people - 163,000 - had their workplace in Malmö.
The opening of the Øresund Bridge in 2000 changed the local conditions and created a single labor market region along with Zealand on the Danish side, making a total of 3.9 million people. When the Fehmarn Belt Fixed Link between Denmark and Germany is completed, the region will become one of the largest in northern Europe. Malmö University is also situated here; it was established in 1998 and currently has 24 000 students. Recent news has it that Malmö University will become a proper university rather than a college.
Malmö is also undergoing rapid development in terms of its cityscape. Castellum is one of the largest commercial property owners in Malmö and has holdings in the city's largest business district Fosie, among other locations. More and more focus is being directed at a sustainable Hyllie (a city district in Malmö), where Castellum is now planning to build Eminent - the Nordic region's first health-certified building. The expansion of the Western Harbor has been described as a patchwork of architectural styles and also as a model for ecological awareness. The next area of development will be the New Harbor next to the Central Station, where Castellum has a good chance of being involved in creating a part of the future of Malmö.