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Skanska builds Tier III Data Center in Hillsboro, Oregon, USA, for USD 64 M, about SEK 585 M

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Skanska has signed a multi-phase contract with Flexential Corp. for the construction of the H3 - Flexential Data Center in Hillsboro, Oregon, valued at USD 64 million (approximately SEK 585 million). The first phase involves constructing a 32,500 square-meter Tier III Data Center with an initial IT capacity of 4.5 megawatts. Construction started in September 2020 and is expected to be completed by September 2021. This contract will positively impact Skanska's order bookings in the US for Q3 2020.

Positive
  • Contract signed for USD 64 million, boosting order bookings.
  • First phase construction of a large Tier III Data Center.
  • Initial IT capacity of 4.5 megawatts aligns with market demand.
Negative
  • None.

ÖSTERSUND, Sweden, Sept. 29, 2020 /PRNewswire/ -- Skanska has signed a multi-phase contract with Flexential Corp. to include the construction of the H3 - Flexential Data Center in Hillsboro, Oregon, USA. The first phase of the contract is worth USD 64 M, about SEK 585 M, which will be included in the US order bookings for the third quarter of 2020.

The initial phase of the project includes the construction of an about 32,500 square-meter Tier III Data Center with a structural steel core and concrete tilt panels as the primary façade. The first data hall will support an initial IT capacity of 4.5 megawatts.

Construction began in September 2020 and is scheduled for completion in September 2021.

Skanska is one of the leading construction- and development companies in USA, specializing in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA had sales of SEK 74 billion and about 7,900 employees in its operations in 2019.

CONTACT:

For further information please contact:

Elizabeth Locke, Communications Director, Skanska USA, tel +1 214 763 52 55

Olof 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.

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

https://news.cision.com/skanska/r/skanska-builds-tier-iii-data-center-in-hillsboro--oregon--usa--for-usd-64-m--about-sek-585-m,c3204437

The following files are available for download:

https://mb.cision.com/Main/95/3204437/1311969.pdf

20200929 US Data Center Oregon

Cision View original content:http://www.prnewswire.com/news-releases/skanska-builds-tier-iii-data-center-in-hillsboro-oregon-usa-for-usd-64-m-about-sek-585-m-301139518.html

SOURCE Skanska

FAQ

What is the value of Skanska's contract with Flexential Corp for the data center?

The contract is valued at USD 64 million.

When is the construction of the Flexential Data Center expected to be completed?

The construction is scheduled for completion in September 2021.

What is the size of the data center Skanska is building in Oregon?

The data center will be approximately 32,500 square meters.

What is the initial IT capacity of the Flexential Data Center?

The initial IT capacity is 4.5 megawatts.

How will the new contract impact Skanska's order bookings?

The contract will positively impact Skanska's US order bookings for the third quarter of 2020.

SKANSKA AB S/ADR

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