Skanska, the Swedish construction giant, has sold its 32% stake in LaGuardia Airport Terminal B in New York for US$115 million. The company was part of a public-private partnership that designed and built the new terminal building, which opened in 2022 and received LEED v4 Gold certification for its environmental performance. The buyer is LaGuardia…
All posts tagged Skanska
Skanska selling PCI Skanska to Salas O’Brien for $20 million
HELSINKI, FINLAND: Skanska has signed a binding Stock Purchase Agreement (SPA) for its 100 percent ownership of PCI Skanska Inc. (PCIS), a multi-discipline design subsidiary company, for gross sale proceeds of USD 20 million, about SEK 170M. The buyer is engineering and facility planning firm Salas O’Brien. The transaction will not have any material impact…
Skanska carrying out additional work at Slussen for an additional value of SEK 1.5 billion
STOCKHOLM: Skanska and the Development Office, City of Stockholm, have agreed on a new target cost for remaining and additional work on the reconstruction of Slussen, Stockholm, Sweden. The new target cost generates an order booking of about SEK 1.5 billion, which will be included in the order bookings for Skanska Sweden for the second…
Skanska to establish food and logistics center in Långeberga, Sweden
HELSINGBORG: Skanska has signed a 20-year lease agreement with Greenfood for a 44,000 square meter new food and logistics center in Långeberga, Helsingborg, Sweden, a news release said. Greenfood is one of northern Europe’s leading actors in healthy food. Construction start for the new facility is expected to take place in the second quarter of…
Skanska to build Signia by Hilton hotel in Atlanta, USA
ATLANTA: Skanska has signed a contract with Georgia World Congress Center Authority to build the first new construction Signia by Hilton hotel in Atlanta, Georgia, USA. The total contract value is USD 308 million for the Skanska-led joint venture along with SG Contracting Inc. Skanska will include its 88 percent share worth USD 271 million,…
Skanska wins GBP 507 million contract to improve East England A428 road
HELSINK: Skanska has signed a contract with Highways England to improve the A428 road in the East of England region, UK, a news release said. The contract is worth GBP 507 million, about SEK 5.8 billion, which will be included in the order bookings for Europe in the first quarter 2021. Skanska will build a…
Skanska divests 220 rental apartments in Stockholm to NREP for about SEK 720 million
STOCKHOLM: Skanska, a world leader in construction and project development throughout the Nordic region, has divested 220 rental apartments in Stockholm, Sweden, to NREP for about SEK 720 million, a news release said. The multi-family project, which is under construction, includes a garage and commercial premises on the ground floor. The transaction will be recorded…
Skanska divests Sörred Kubiklager in Gothenburg for about SEK 265 million
STOCKHOLM: Skanska has sold the logistics property Sörred Kubiklager at Hisingen in Gothenburg, Sweden for about SEK 265 million, a news release said. The sale will be registered by Skanska Commercial Development Nordic in the first quarter of 2021. The buyer, Baring, will take over the property in February 2021. Sörred Kubiklager is an approximately…
Skanska signs construction contract with Hartsfield-Jackson Atlanta International Airport
STOCKHOLM: Skanska has signed an additional contract with Hartsfield-Jackson Atlanta International Airport to construct the Concourse T-North Extension and modernization project in Atlanta, Georgia, USA, in a Skanska-led joint venture along with New South Construction, FS360 and Synergy Construction. Skanska’s share of the contract is worth about USD 56M, about SEK 460M, which will be…
Skanska signs contract to expand airport in Portland, Oregon, USA
HELSINKI, FINLAND: Skanska has signed a contract amendment with the Port of Portland for improvements and expansion to the Portland International Airport in Portland, Oregon, USA, in a joint venture with Hoffman Construction Company. Skanska’s share of the contract is worth USD 80M, about SEK 670M, which will be included in the US order bookings…
Skanska sells two office buildings in Bucharest, Romania, for EUR 97 million
HELSINKI: Skanska has sold two office buildings in Bucharest to S IMMO AG, an Austrian-based real estate company. The transaction is valued at EUR 97M, about SEK 995M, and will be recorded by Skanska Commercial Development Europe for the fourth quarter of 2020. The transfer of the properties is scheduled for the second quarter of…