Skanska and Obos Invest NOK 1.1 Billion in Sustainable Residential Block in Fornebu, Norway

Skanska and Obos Invest NOK 1.1 Billion in Sustainable Residential Block in Fornebu, Norway

(IN BRIEF) Skanska, in partnership with Obos, announces a NOK 1.1 billion investment in a new residential block in Fornebu, Norway, with Skanska’s share amounting to NOK 555 million. The construction contract, valued at NOK 533 million, will be executed by Skanska and is slated to be included in the Nordic order bookings for the first quarter of 2024. This development, part of the Nansenløkka residential project under Norway’s FutureBuild program, aims for high environmental standards, targeting a reduction of greenhouse gas emissions by 30 to 50 percent compared to traditional buildings. The project, comprising 121 apartments, is scheduled to commence construction in the second quarter of 2024 and is anticipated to be completed by the second quarter of 2026, contributing to sustainable urban development in the region.

(PRESS RELEASE) STOCKHOLM, 20-Feb-2024 — /EuropaWire/ — Skanska, together with its equal joint venture partner Obos, invests a total of NOK 1.1 billion in a new residential block in Fornebu, Norway. Skanska’s share of the investment is NOK 555M, about SEK 550M. The construction contract, which Skanska will execute, is worth NOK 533M, about SEK 530M, which will be included in the Nordic order bookings in the first quarter 2024.

The new block consisting of 121 apartments is the most recent part of the larger residential development project, Nansenløkka. The project is a part of the FutureBuild program in Norway and has high environmental ambitions. The goal is to reduce greenhouse gas emissions by between 30 and 50 percent compared to a similar, traditional, building.

Construction is expected to begin during the second quarter 2024 and the project will be completed in the second quarter of 2026.

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

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Media Contacts:

Audun Lågøyr
SVP Communication
Skanska Norway
Tel.: +47 93 45 25 31

Andreas Joons
Press Officer, Skanska Group
Tel: +46 (0)10 449 04 94

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SOURCE: Skanska AB