Construction company Skanska bought 26,200 sq. m. of land in Bucharest, Romania for EUR 24 million

Construction company Skanska bought 26,200 sq. m. of land in Bucharest, Romania for EUR 24 million. Photo: Vlad1918 [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

STOCKHOLM, 3-Dec-2019 — /EuropaWire/ — Construction and project development company Skanska announced it has acquired some 26,200 square meters of land in Bucharest, Romania. The land was bought from Intero Property Development Estates SRL as the price agreed and paid is EUR 24 million or around SEK 250 million.

Located in a very well connected area of Northern Bucharest in the Bucurestii Noi submarket the lot will be used for the development of a new office project.

Skanska is active in the construction and project development markets and is one of Nordics’ leading construction companies. Aside in the Nordics, the group is also represented in Poland, Czech Republic & Slovakia and the UK.

In Poland, Czech Republic, Romania and Hungary, Skanska develops commercial properties while in Prague and Warsaw the company is active in the residential development.

The company reports it had EUR 3.5 billion (SEK 36 billion) of sales and about 14,200 employees in its European operations during 2018 while for the entire group the revenue in 2018 was about EUR 16 billion (SEK 170 billion) and the employees were around 38,000.

Media contacts:

Aleksandra Markiewicz
Communication Manager
Skanska CDE
tel +48 797 229 147
Andreas Joons
Press Officer
Skanska AB
tel +46 (0)10 449 04 94
Direct line for media:
tel +46 (0)10 448 88 99

SOURCE: Skanska

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