Skanska signs a contract with Skandia Fastigheter for the development of two buildings in Gothenburg, Sweden

Skanska signs a contract with Skandia Fastigheter for the development of two buildings in Gothenburg, Sweden

(PRESS RELEASE) STOCKHOLM, 7-Apr-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced the company signed a contract with Skandia Fastigheter, a real estate rental agency in Stockholm, Sweden, for the development of two buildings in Gothenburg, Sweden. The two houses will be part of the Backaplan urban development and will be worth some SEK 800 million (~EUR 77.5 million), an order that will be included in the order bookings for Sweden for the Q1 of 2022.

The construction project includes two houses, eight and seven storeys high respectively. The first house is planned for stores on two floors and housing on six floors, while the second house will have a parking garage on three floors and four floors with housing. In total, there will be just over 420 apartments in the two houses.

The project constitutes the start of an effort to turn Backaplan into a modern district with a vision to combine power and creativity from the area with safe, modern buildings and mixed neighborhoods.

Construction work will start during the second quarter this year and is expected to be completed by autumn 2025.

Media contact:

Olle Rundgren, Media Relations Manager, Skanska AB, tel +46 (0)10 448 67 94
Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2021 revenue totaling SEK 148 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 30,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

SOURCE: Skanska AB