Skanska builds new premises for the Faculty of Arts in Gothenburg for approximately SEK 1.2 billion

Rhea-AI Summary

Skanska has signed a SEK 1.2 billion agreement with Akademiska Hus to develop new premises for the Faculty of Arts at the University of Gothenburg. The project includes the construction of two new buildings totaling 35,000 square meters, alongside renovations of the existing Artisten building over 11,000 square meters. Construction will commence in January 2023, with completion expected in stages from 2025 to 2027. The initiative aims for high sustainability standards, seeking certifications of Miljöbyggnad, gold for new builds and silver for the renovations.

Positive

• Agreement worth SEK 1.2 billion will boost revenue.
• Development of new facilities supports future educational needs.
• High sustainability ambitions could enhance corporate reputation.

Negative

• Project completion is stretched over several years, delaying revenue recognition.
• High construction costs may impact future profitability.

STOCKHOLM, Dec. 13, 2022 /PRNewswire/ -- Skanska has signed an agreement with Akademiska Hus to build new premises for the Faculty of Arts at the University of Gothenburg, Sweden. The project includes new construction and remodeling of an existing house. The agreement is worth approximately SEK 1.2 billion, which will be included in the order bookings for Skanska Sweden in the fourth quarter of 2022.

Skanska will build two new houses with a total area of 35,000 square meters. In addition, the existing building, Artisten, is being rebuilt to meet the needs of the future. The renovation covers approximately 11,000 square meters.

The project has high sustainability ambitions and the intention is to seek certification according to Miljöbyggnad, level gold, for new construction and level silver for the rebuild.

The project is part of the development of the Näckrosen university campus where the goal is to create a center for arts, humanities and culture.

Construction is planned to start in January 2023 and completion will take place in stages during the years 2025 - 2027.

CONTACT:

For further information please contact:

Olle Rundgren, Media Relations Manager, Skanska AB, tel +46 (0)10 448 67 94

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

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

 

The following files are available for download:

https://mb.cision.com/Main/95/3683300/1730514.pdf	20221213 SE Faculty of arts Gothenburg
https://news.cision.com/skanska/i/20221213-faculty-of-arts-gothenburg---image-by-tham-videgard,c3125637	20221213 Faculty of Arts Gothenburg - Image by Tham Videgard

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SOURCE Skanska

FAQ

What is the value of Skanska's agreement with Akademiska Hus?

The agreement is worth approximately SEK 1.2 billion.

When will construction for the Faculty of Arts in Gothenburg begin?

Construction is planned to start in January 2023.

What are the sustainability goals for the new Faculty of Arts buildings?

Skanska aims for Miljöbyggnad certifications, seeking level gold for new constructions and silver for renovations.

When is the completion of the Faculty of Arts project expected?

The completion will take place in stages from 2025 to 2027.

How many square meters will the new Faculty of Arts premises encompass?

The new buildings will have a total area of 35,000 square meters, with an additional 11,000 square meters for renovation.