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Skanska builds new office building in Cincinnati, Ohio, USA, for USD 164M, about SEK 1.7 billion

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Skanska (SKBSY) has secured a USD 164 million (SEK 1.7 billion) contract with Medpace to construct a new office building in Cincinnati, Ohio. The project, set to be included in Q3 2024 US order bookings, involves building a 52,200 square meter (562,000-SF) structure. The nine-story building will feature a six-story office tower atop a three-floor parking garage and conference center, located on Medpace's existing campus where Skanska has previously completed several projects. Construction began in February 2024 and is expected to be completed by March 2027. This development marks another significant project for Skanska in the US commercial real estate sector.

Skanska (SKBSY) ha ottenuto un contratto del valore di 164 milioni di dollari (SEK 1,7 miliardi) con Medpace per costruire un nuovo edificio per uffici a Cincinnati, Ohio. Il progetto, che sarà incluso nelle prenotazioni degli ordini statunitensi del terzo trimestre 2024, prevede la costruzione di una struttura di 52.200 metri quadrati (562.000 piedi quadrati). L'edificio di nove piani sarà composto da una torre per uffici di sei piani situata sopra un garage per auto di tre piani e un centro conferenze, nel campus esistente di Medpace, dove Skanska ha già completato diversi progetti. I lavori di costruzione sono iniziati a febbraio 2024 e si prevede che saranno completati entro marzo 2027. Questo sviluppo segna un altro importante progetto per Skanska nel settore immobiliare commerciale statunitense.

Skanska (SKBSY) ha asegurado un contrato por 164 millones de dólares (SEK 1.7 mil millones) con Medpace para construir un nuevo edificio de oficinas en Cincinnati, Ohio. El proyecto, que se incluirá en las órdenes de pedidos de EE. UU. para el tercer trimestre de 2024, implica la construcción de una estructura de 52,200 metros cuadrados (562,000 pies cuadrados). El edificio de nueve pisos contará con una torre de oficinas de seis pisos sobre un garaje de estacionamiento de tres pisos y un centro de conferencias, ubicado en el campus existente de Medpace, donde Skanska ha completado varios proyectos previamente. La construcción comenzó en febrero de 2024 y se espera que se complete en marzo de 2027. Este desarrollo marca otro proyecto significativo para Skanska en el sector inmobiliario comercial de EE. UU.

스칸스카(Skanska, SKBSY)는 메드페이스(Medpace)와 함께 1억6400만 달러 (SEK 17억 크로나)의 계약을 체결하고 오하이오주 신시내티에 새로운 사무실 건물을 건설합니다. 이 프로젝트는 2024년 3분기 미국 주문 목록에 포함될 예정이며, 52,200 제곱미터 (562,000 평방피트) 규모의 구조물을 건설하는 것을 포함합니다. 9층 건물은 6층 사무실 타워와 3층 주차장 및 회의 센터로 구성되며, 스칸스카가 이전에 여러 프로젝트를 완료한 메드페이스 기존 캠퍼스에 위치합니다. 건설은 2024년 2월에 시작되었고 2027년 3월까지 완료될 것으로 예상됩니다. 이번 개발은 미국 상업용 부동산 부문에서 스칸스카에 또 다른 중요한 프로젝트를 의미합니다.

Skanska (SKBSY) a obtenu un contrat de 164 millions de dollars (SEK 1,7 milliard) avec Medpace pour construire un nouveau bâtiment de bureaux à Cincinnati, Ohio. Le projet, qui sera inclus dans les commandes américaines du troisième trimestre 2024, implique la construction d'une structure de 52 200 mètres carrés (562 000 pieds carrés). Le bâtiment de neuf étages comprendra une tour de bureaux de six étages sur un parking de trois étages et un centre de conférences, situé sur le campus existant de Medpace, où Skanska a déjà réalisé plusieurs projets. La construction a commencé en février 2024 et devrait se terminer d'ici mars 2027. Ce développement marque un autre projet significatif pour Skanska dans le secteur de l'immobilier commercial aux États-Unis.

Skanska (SKBSY) hat einen Vertrag über 164 Millionen US-Dollar (SEK 1,7 Milliarden) mit Medpace gesichert, um ein neues Bürogebäude in Cincinnati, Ohio zu errichten. Das Projekt, das in die US-Bestellungen für das dritte Quartal 2024 aufgenommen werden soll, umfasst den Bau eines 52.200 Quadratmeter (562.000 Quadratfuß) großen Gebäudes. Das neunstöckige Gebäude wird einen sechsstöckigen Büroturm und ein dreigeschossiges Parkhaus sowie einen Konferenzraum umfassen und befindet sich auf dem bestehenden Campus von Medpace, wo Skanska bereits mehrere Projekte abgeschlossen hat. Der Bau begann im Februar 2024 und soll bis März 2027 abgeschlossen sein. Diese Entwicklung stellt ein weiteres bedeutendes Projekt für Skanska im US-amerikanischen Gewerbeimmobiliensektor dar.

Positive
  • Secured a large contract worth USD 164 million, boosting order bookings
  • Expanding presence in Cincinnati with a major construction project
  • Building on existing relationship with Medpace, having completed previous projects on their campus
  • Project spans over three years, providing steady work and revenue stream until 2027
Negative
  • None.

STOCKHOLM, Aug. 15, 2024 /PRNewswire/ -- Skanska has signed a contract with Medpace, a clinical research company, for the construction of a new office building in Cincinnati, Ohio, USA. The contract is worth USD 164M, about SEK 1.7 billion, which will be included in the US order bookings for the third quarter 2024.

The project involves constructing a new 52,200 square meter (562,000-SF), nine-story building featuring a six-story office tower atop a three-floor parking garage and conference center. The office building will be built on the existing Medpace campus, where Skanska has successfully completed several projects.

Preparatory work began in February 2024 and the project is expected to reach completion in March 2027.

For further information please contact:

Peggy Cook, Communications Manager, Skanska USA, tel +1 (513) 222 5310

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

Direct line for media, tel +46 (0)10 448 88 99

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

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-builds-new-office-building-in-cincinnati--ohio--usa--for-usd-164m--about-sek-1-7-billion,c4024555

The following files are available for download:

https://mb.cision.com/Main/95/4024555/2945639.pdf

20240815 US office building

https://news.cision.com/skanska/i/image-1---medpace-300,c3324603

Image 1 - Medpace 300

https://news.cision.com/skanska/i/image-2---medpace300,c3324602

Image 2 - Medpace300

 

 

 

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SOURCE Skanska

FAQ

What is the value of Skanska's new contract in Cincinnati, Ohio?

Skanska (SKBSY) has signed a contract worth USD 164 million (about SEK 1.7 billion) for the construction of a new office building in Cincinnati, Ohio.

When is the expected completion date for Skanska's new office building project in Cincinnati?

The new office building project in Cincinnati is expected to reach completion in March 2027.

What are the key features of the new Skanska office building in Cincinnati?

The new Skanska office building in Cincinnati will be a 52,200 square meter (562,000-SF), nine-story structure featuring a six-story office tower atop a three-floor parking garage and conference center.

When will Skanska (SKBSY) include the Cincinnati project in its order bookings?

Skanska will include the USD 164 million Cincinnati project in its US order bookings for the third quarter of 2024.

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