Skanska Commits SEK 2 Billion Investment to Lindhagen’s Olivin Office Building

Skanska Commits SEK 2 Billion Investment to Lindhagen’s Olivin Office Building

(IN BRIEF) Skanska is set to invest SEK 2 billion in Olivin, an office building that marks the initial phase of development in the Lindhagen neighborhood. This substantial investment also includes a construction contract valued at approximately SEK 1 billion, contributing to Swedish order bookings in Q4 2023. Olivin will encompass around 23,000 square meters of leasable space, featuring a ground-level restaurant and service facilities. Situated in the thriving western Kungsholmen area, Lindhagenskvarteren is part of the final development piece for the region, encompassing approximately 90,000 square meters of new office space. The environmentally conscious Olivin project aims for LEED Platinum and Zero CO2 certifications, incorporating wood in its frame construction and offering amenities such as healthcare facilities and bicycle parking. Construction is scheduled to commence in Q1 2024, with completion targeted for Q4 2026.

(PRESS RELEASE) STOCKHOLM, 30-Dec-2023 — /EuropaWire/ — Skanska invests SEK 2 billion in the office building Olivin, the first phase of the upcoming development area in the Lindhagen neighborhood. The investments also include a construction contract that is worth about SEK 1 billion, which will be included in the Swedish order bookings in the fourth quarter 2023.

The new property Olivin comprises approximately 23,000 square meters of lettable space and will house a restaurant and other service functions on ground level.

The area of western Kungsholmen has developed positively over the past twenty years and is now one of Stockholm’s most attractive locations for work and living with good communications, mixed housing and good service. Lindhagenskvarteren, where the office building Olivin is part of, is the last piece of the puzzle to complete western Kungsholmen and comprises a total of approximately 90,000 square meters of new offices.

Olivin will be certified with the ambition to achieve LEED Platinum and Zero CO2. Parts of the frame construction are planned to be built in wood and the building has a pleasant entrance floor with well-thought-out spaces for health care, bicycle parking and more.

Construction work will begin in the first quarter of 2024 and the office building is planned to be ready in the fourth quarter of 2026.

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 2022 revenue totaling SEK 162 billion.
We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 28,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

Media Contact:

Fredrik Bergenstråhle, vd
Skanska Fastigheter Stockholm
Tel: +46 (0)10 448 16 67

Jacob Birkeland
Head of press och public affairs
Skanska AB
Tel: +46 (0)76 899 72 69

Direct line for media
Tel: +46 (0)10 448 88 99

SOURCE: Skanska Group