Skanska invests in Polish residential project

Sweden Sweden — Skanska invests PLN 120M, about SEK 320M, in phase 2 of the residential project NU Warszawa Wola, in Warsaw, Poland. This phase includes two buildings with a total of 136 apartments and 7 commercial units.

Skanska divests to Vacse

Sweden Sweden — Skanska divests a court building in Växjö, where the Swedish Courts Administration is a tenant, for approximately SEK 490 million (EUR 45 million).

New milestone for Skanska's Investment Property company: "A flagship property"

Sweden Sweden — Skanska takes a big step in the work of building up its own management portfolio, by selling the Citygate office property in Gothenburg to its own Investment Property branch. Ida Granqvist, Investment Properties Manager at Skanska Fastigheter, tells Nordic Property News about why Citygate is a good fit for the company, about the importance of having also established itself on the Gothenburg market, about the next step for the Investment Properties business and how the first period since she assumed her new position has been.

Skanska divests Citygate in Gothenburg for about EUR 216 million to internal portfolio

Sweden Sweden — Skanska Commercial Development Nordic has divested the office building Citygate in Gothenburg, Sweden, to own portfolio for about SEK 2.5 billion (EUR 216 million), after deductions for remaining investments and deferred tax.

How Skanska continues to work with divestments after major double sale

Nordic — Skanska's Commercial Real Estate Development had a busy 24 hours earlier this week when they closed two major sales for a total of approximately SEK 2 billion. After the sales in Poland and Denmark, Claes Larsson, Executive Vice President and responsible for commercial development at Skanska, tells Nordic Property News more about how the divestments came about and how the company continues to work on the transaction market.

Skanska sells to Eastnine

Sweden Sweden — Skanska has divested the E building of the office project Nowy Rynek in Poznan, Poland, for about EUR 79 million to Eastnine.

Skanska divests rental residential project to Nrep

Denmark Denmark — Skanska has divested the multi-family rental project Hørkær Have in Herlev, Denmark, for DKK 737 million to Nrep.

Vacse acquires in Kalmar

Sweden Sweden — Skanska Sweden is selling Norrliden's new care facilities, with Region Kalmar län as tenant, to Vacse for approximately SEK 150 million. Project planning is ongoing and the intention is that construction can begin next year. Vacse will take over the property in connection with completion at the end of 2026.

Skanska divests the first building of Warsaw office project to Stena Real Estate

Sweden Sweden — Skanska has divested the first building of the office project Studio in Warsaw, Poland, for EUR 86M. The buyer is Stena Real Estate AB.

Skanska believes in a residential lift after the interest rate cut

Sweden Sweden — Skanska increased the number of homes sold and constructions started during the first quarter of the year, but from very low levels. The company is under pressure in the low-price segment, where Boklok made a loss of SEK 146 million. CEO Anders Danielsson finds it encouraging that the development has nevertheless started to go in the right direction and now hopes that the Riksbank's interest rate cut will give a lift to the pressured segment.

CFO Magnus Persson leaves Skanska

Nordic — Skanska announces that Magnus Persson, the Company’s Chief Financial Officer, has today decided to step down to take on new challenges outside of Skanska. Magnus Persson has been with Skanska for 18 years and has been a member of the Group Leadership Team since 2018. A recruitment process will be initiated to appoint a successor.

Skanska signs new lease in Oas

Sweden Sweden — Skanska Fastigheter Malmö has signed a lease with Visma for 2,113 square meters. Visma, which offers software and services in the private and public sector, will move into floors 6 and 7 in the property Oas in the fall of 2024.

Skanska signs record breaking lease agreement in Washington

Sweden Sweden — Skanska has signed a long-term lease agreement for approximately 48,900 square meters, at the office building The Eight in Bellevue, Washington, USA, of which 14,150 square meters is parking.

Weak office market in the US weighs on Skanska: "Difficult rental market"

Sweden Sweden — The American portfolio is Skanska's weakest market at the moment and drives the large write-downs in value announced by the company. CEO Anders Danielsson and CFO Magnus Persson expand on the difficulties in valuing the stock and the major challenges in the US that slow down Skanska's development in the US market.

Skanska builds power projects in Vestland County

Norway Norway — Skanska has signed a contract with Aker BP for the construction of a transformer station and a compensation station in Vestland County, Norway. The contract is worth NOK 1.9 billion (EUR 164 million) which will be included in the Nordic order bookings for the first quarter 2024.

Skanska renovates and expands office building in Trondheim

Norway Norway — Skanska has signed a contract with DNB Livsforsikring AS through their subsidiary Trondheim Torg AS for the renovation and expansion of their existing commercial office building in Trondheim, Norway. The contract is worth NOK 673M which will be included in the Nordic order bookings for the first quarter of 2024.

Skanska writes down property values by EUR 182 million

Nordic — Skanska takes impairment charges and recognizes changes in fair market values of SEK 2.0 billion (EUR 182 million) in Commercial Property Development, Residential Development and Investment Properties.

Skanska signs lease agreement for new head office

Sweden Sweden — Skanska has signed a twelve-year lease agreement for approximately 13,000 square meters of office space in the new, self-developed Olivin property on western Kungsholmen in Stockholm.

Skanska invests in housing projects in Prague and renovates historic building in Nashville

Nordic — Skanska is investing approximately SEK 480 million in the second stage of the housing project Modransky cukrovar in Prague, Czech Republic. The current phase includes 126 apartments and six commercial premises. Skanska has also signed an agreement with the state of Tennessee for the renovation of the historic War Memorial Building in Nashville, Tennessee, USA. The contract is worth approximately SEK 860 million.

Skanska divests the new municipal building in Enköping to Vacse

Sweden Sweden — Skanska divests Enköping's new municipal building, which is under construction, to Vacse for approximately SEK 250 million (EUR 21.4 million).

Skanska divests office building to its own investment company

Sweden Sweden — Skanska Commercial Property Development Nordic has divested the office building Hyllie Terrass in Malmö, Sweden, to Skanska Investment Properties for about SEK 730M after deduction of remaining investments and deferred tax.

Skanska issues new green bonds worth about EUR 395 million

Sweden Sweden — Skanska has issued green bonds worth approximately SEK 4.5 billion to finance sustainable commercial real estate projects and other investments for climate transition. The issue generated substantial interest, attracting bids from around 40 investors.

Skanska constructs new STEM building for the Texas State University System

Sweden Sweden — Skanska has signed a contract with Texas State University System to build a new STEM (Science, Technology, Engineering, and Math) building located on The Texas State University System’s San Marcos campus in Texas, USA. The contract is worth USD 100M.

Skanska's future plans for its own portfolio

Sweden Sweden — Skanska adds a new large office property to its own book when Sthlm 04 is acquired for SEK 830 million. Jan Odelstam, business unit manager for Commercial Development Nordic at Skanska, tells Nordic Property News about the work of building Skanska's own portfolio, how the company views future acquisitions and why the current situation on the transaction market does not affect the work with the own portfolio.

Skanska to build new student housing in Oslo

Norway Norway — Skanska has signed a contract with the Student Welfare Organization in Oslo (SiO) to build new student housing. The contract is worth NOK 513M, about SEK 520M.