Skanska sells its Two Drydock office building in Boston, USA to a global investment firm for EUR 207 million

Skanska sells its Two Drydock office building in Boston, USA to a global investment firm for EUR 207 million

(PRESS RELEASE) STOCKHOLM, 14-Dec-2021 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced the sale of its office building Two Drydock in Boston, USA to a global investment firm for EUR 207 million (USD 234.5 million / SEK 2.0 billion) with an immediate effect on property ownership transfer while the transaction will be recorded by Skanska USA Commercial Development in 4Q 2021.  

Two Drydock is a 13-story, 21,800-square-meter, Class-A, office building developed by Skanska which holds LEED Gold and Fitwel certifications. It features approximately 650 square meters of ground-floor retail, 150 above-ground parking spaces and a 930-square-meter outdoor plaza.

The office tenants of Two Drydock are a diverse group of pioneering companies. Lord Hobo Brewing Company and Render Coffee have entered into agreements to occupy the ground floor retail space, completing Skanska’s vision for a dynamic, open-concept lobby experience, adding value for the surrounding community.

Two Drydock, which broke ground in June 2018, represents Skanska’s sixth commercial development in Boston and fourth development in the Seaport. Since 2009, Skanska has invested a total of USD 3.2 billion in commercial and multi-family projects, creating more than 1 million square meters of sustainable and community focused developments in select U.S. markets.

Media contacts:

Alicia Jones, Director Communications, Skanska USA, tel + 1 703 835 2762
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 Group

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