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    SKA B   SE0000113250


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Skanska invests EUR 23M, about SEK 230M in a commercial development property in Espoo, Finland

11/24/2021 | 02:01am EST

Skanska has acquired a development property in Espoo, Finland. The seller is MSD Finland Oy and the investment amounts to EUR 23M, about SEK 230M.

The property encompasses 4,600 square meters of office space and 180 parking places. The property also has over 3,000 square meters of unused building right. After the acquisition Skanska aims to refurbish the existing office building and develop new office premises on the property.

The property is in ever-developing Keilaniemi, which has a prime location by the sea with excellent transport connections. The area is known as an innovation and technology hub.

Skanska is one of the leading construction- and project development companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska had sales of about SEK 66 billion and about 14,800 employees in its Nordic operations during 2020.

For further information please contact:

Martin Kron, Managing Director, Skanska CDF, +358 50 527 8009

Pilvimaari Heikkinen, Communications Manager, Skanska Finland, tel +358 40 519 4787

Andreas Joons, Press Officer, 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 at www.skanska.com.

Skanska is a world leader in construction and project development in select markets throughout the Nordic region, Europe and USA. Driven by the Group's values, Skanska contributes to a better society by providing innovative and sustainable solutions. The Group has about 32,500 employees, and 2020 revenue totalled SEK 159 billion.



(c) 2021 Cision. All rights reserved., source Press Releases - English

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Yield 2021 3,77%
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EV / Sales 2021 0,58x
EV / Sales 2022 0,54x
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