Skanska has signed a contract with Andenæs Eiendom to build Helgerudkvartalet in Sandvika, Norway. The contract is worth NOK 965M, about SEK 960M, which will be included in the Nordic order bookings for the fourth quarter of 2021.

The project is a combination building with both commercial areas and housing. The five lower floors will be commercial premises, with shops and restaurants facing the streets and a square on the ground floor. On the sixth floor, a common roof garden will be built for the homes, which will be located on 6 detached residential buildings on the roof of the commercial premises. The residential buildings will be from 6 to 10 stories high and consist of a total of approximately 220 units in different sizes. The project will be environmentally certified in accordance with BREEAM NOR Excellent.

Construction is scheduled to start February 1, 2022 and the project is expected to be completed during the third quarter of 2025.

Helgerudkvartalet is the first phase of a large urban development project in the center of Sandvika, which will consist of two new quarters of a total of approximately 60,000 square meters.

For further information please contact:

Tor Arne Midtskogen, EVP Building, Skanska Norway, tel +47 93 44 44 65

Audun Lågøyr, EVP HR & Communications, Skanska Norway, tel +47 93 45 25 31

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found atwww.skanska.com.

Skanska Group uses knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we're one of the world's largest development and construction companies, with 2020 revenue totaling SEK 159 billion. We operate across select markets in the Nordics, Europe and the United States. Together with our customers and the collective expertise of our 32,000+ teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

https://news.cision.com/skanska/r/skanska-builds-mixed-use-building-in-sandvika--norway--for-nok-965m--about-sek-960m,c3475905

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