Skanska buys development property in Bærum, Norway for about EUR 20.6 million from Norwegian real estate developer Profier

Skanska buys development property in Bærum, Norway for about EUR 20.6 million from Norwegian real estate developer Profier

(PRESS RELEASE) STOCKHOLM, 6-Oct-2021 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced it has acquired a development property for residential purpose in Bærum, Norway for some NOK 210M (SEK 210M / EUR 20.6M) from Profier, Norwegian real estate developer.

The property Kirkeveien 59 is ready zoned for block housing and concentrated single-family housing. Skanska plans to build 50 apartments and 28 terraced houses. The project will be BREEAM-certified and construction work is expected to start 2023.

Skanska is one of the leading construction- and project development companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska had sales of about SEK 66 billion and about 14,800 employees in its Nordic operations during 2020.

Media contacts:

Thorbjørn Brevik, EVP Property Development, Skanska Norway: +47 93 44 44 89
Audun Lågøyr, EVP HR & Communications, Skanska Norway, tel +47 93 45 25 31
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 AB