Skanska Develops and Sells Hotel to LKAB

Sweden — Skanska develops and builds a new hotel in central Kiruna, Sweden, with Scandic hotels as operator. The hotel is sold for MSEK 500 (EUR 49M) to LKAB that will take over the building at the completion in the autumn 2021. The hotel is developed by Skanska Sweden.

2018-11-12

The construction contract is worth about MSEK 400 (EUR 39M), which will be included in the order bookings for Skanska Sweden for the second quarter of 2019.

The new hotel will be built next to the town Hall on the square in the new central Kiruna. The hotel will have 14,000 square meters and 13 floors, with 231 rooms, restaurant, conference rooms, gym and relaxation area, and a sky bar.

The hotel operator Scandic Hotels has signed a 20-year lease for the hotel, which will be at the forefront in terms of sustainability. The intention is to certify the building according to LEED. Construction start is scheduled for April 2019. The hotel will be ready in October 2021.