SKANSKA AB S/ADR - SKBSY STOCK NEWS

Skanska has announced a significant investment of USD 128M (approximately SEK 1.1 billion) in the OZMA multi-family development project located in Washington, DC. The construction contract, worth USD 96M (about SEK 800M), will contribute to the US order bookings for Q3 2021. The project will feature a 13-story building with 275 units, including 5,200 square meters of amenities and 2,400 square meters of retail space. Construction begins in October 2021, with completion slated for 2024.

Skanska is divesting a portfolio of six logistics projects in Sweden to Barings, valuing the first phase at SEK 1.1 billion. The initial transfer includes two projects, scheduled for completion in 2022 and 2023. The entire portfolio spans approximately 128,000 square meters across cities like Stockholm, Gothenburg, Malmö, and Helsingborg. The subsequent phase, valued at SEK 1.0 billion, will be recorded in 2022. All projects are designed with a green profile, set to meet 'GreenBuilding' certification standards.

Skanska has secured a contract worth USD 159M for corporate office improvements in the western USA, with their share totaling USD 80M (approximately SEK 680M). This contract will contribute to the US order bookings for Q3 2021. Construction is currently underway and is set to be completed by December 2023. In 2020, Skanska USA reported sales of SEK 66 billion and employed around 7,600 people, solidifying its position as a leading player in the construction and project development sector in the U.S.

Skanska has secured a USD 82M contract from the Florida Department of Transportation to design and construct a new interchange at Interstate 75 and Big Bend Road in Hillsborough County, Florida. This project, expected to enhance traffic flow, involves widening Big Bend Road and reconfiguring I-75 ramps. Construction commenced in August 2021 and is projected to conclude by August 2024. The contract will be included in Skanska's US order bookings for Q3 2021.

ÖSTERSUND, Sweden, Sept. 16, 2021 /PRNewswire/ -- Skanska has revised its climate target to a 70% reduction in its own carbon emissions by 2030, up from a previous target of 50%. This change reflects the urgency for greater efforts towards a carbon-neutral society. Skanska achieved a 40% reduction in emissions compared to 2015, contributing to an increase in revenue during the same period. The firm aims for net-zero emissions by 2045, with additional initiatives for sustainable construction and climate-smart solutions.

Skanska has secured a USD 96M contract with the San Gabriel Valley Council of Governments for the Fullerton Road Grade Separation Project in California. The project aims to lower Fullerton Road beneath existing railroad tracks and includes constructing a six-lane underpass and a bridge spanning Fullerton Road. Construction is set to begin in Q3 2021, with completion expected by Q4 2024. This contract will contribute to Skanska's US order bookings for the third quarter of 2021.

Skanska is investing EUR 69M (approximately SEK 700M) in the first phase of the Studio office complex in Warsaw, Poland. The complex will comprise two buildings, with the first offering 17,600 square meters of leasable area across 14 stories. Total leasable area for the project is projected at 43,000 square meters. Construction begins in September 2021 and aims for completion in Q3 2023. The project emphasizes sustainability and is expected to achieve multiple certifications for quality and safety.

Skanska has divested its remaining 10% stake in the Bank of America Tower in Houston, Texas, for approximately USD 24M (SEK 200M). This transaction will be recorded in Q3 2021. Previously, Skanska sold its majority interest in the tower in 2019. The tower, completed in 2019, is notable for being the first v4 Platinum certified project in the U.S. Since 2009, Skanska has invested USD 2.8 billion in sustainable projects in the U.S.

Skanska has secured a USD 248M contract to enhance a corporate campus in Long Island, New York. The project, worth approximately SEK 2.1 billion, is set to bolster US order bookings for Q2 2021. Construction commenced in June 2021 and is expected to finish by February 2026. In 2020, Skanska USA reported sales of SEK 66 billion with around 7,600 employees in operations.