Skanska invests about SEK 2 billion in a new office building in Stockholm, Sweden

Rhea-AI Summary

Skanska (SKA-B) invests SEK 2 billion in Olivin office building

Positive

• Skanska's significant investment in the Olivin office building reflects confidence in the Lindhagen neighborhood's development potential.

Negative

• None.

STOCKHOLM, Dec. 29, 2023 /PRNewswire/ -- Skanska invests SEK 2 billion in the office building Olivin, the first phase of the upcoming development area in the Lindhagen neighborhood. The investments also include a construction contract that is worth about SEK 1 billion, which will be included in the Swedish order bookings in the fourth quarter 2023.

The new property Olivin comprises approximately 23,000 square meters of lettable space and will house a restaurant and other service functions on ground level.

The area of western Kungsholmen has developed positively over the past twenty years and is now one of Stockholm's most attractive locations for work and living with good communications, mixed housing and good service. Lindhagenskvarteren, where the office building Olivin is part of, is the last piece of the puzzle to complete western Kungsholmen and comprises a total of approximately 90,000 square meters of new offices.

Olivin will be certified with the ambition to achieve LEED Platinum and Zero CO2. Parts of the frame construction are planned to be built in wood and the building has a pleasant entrance floor with well-thought-out spaces for health care, bicycle parking and more.

Construction work will begin in the first quarter of 2024 and the office building is planned to be ready in the fourth quarter of 2026.

For further information please contact:

Fredrik Bergenstråhle, vd, Skanska Fastigheter Stockholm, tel +46 (0)10 448 16 67

Jacob Birkeland, Head of press och public affairs, Skanska AB, tel +46 (0)76 899 72 69

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/95/3902533/2517685.pdf

20231229 Skanska invests SEK 2 billion in a new office building in Stockholm Sweden

 

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SOURCE Skanska

FAQ

What is Skanska's ticker symbol?

Skanska's ticker symbol is SKA-B.

How much did Skanska invest in the Olivin office building?

Skanska invested SEK 2 billion in the Olivin office building.

Where is the Olivin office building located?

The Olivin office building is located in the Lindhagen neighborhood.

What does Skanska's investment include?

Skanska's investment includes a construction contract for the Olivin office building.