The demand for modern commercial properties with high-quality tenants will continue to increase. Increased investments are creating new opportunities in Skanska’s home markets. A focus on customers, cost efficiency and internal collaboration are key to success.
What we do
Skanska provides workplace solutions that are resource-efficient while at the same time offering comfort and a healthy working environment.
We initiate, develop, lease and divest commercial property projects with focus on office buildings, shopping centers and logistics properties.
How we do it
The development of commercial projects is a continuous process with a number of clearly defined phases. The average development cycle from project idea to completion is 5–7 years. By working closely with our clients we create properties that are adapted to their specific needs.
The design is based on previous experience and adjusted to local market demands aimed at creating appropriate premises for tenants and property investors as well as enabling an efficient construction execution.
All acquisitions of land is preceded by macroeconomic and local market analysis. A major step in value creation is taken when the zoning plan is approved for undeveloped land
Where we do it
We are active in a number of selected home markets in the Nordic Region (Sweden, Norway, Finland, Denmark), Europe (Poland, Czech Republic, Hungary, Romania) and in the United States.
To the right, you will find links to the separate websites outlining our commercial property offer in the countries where we operate.
Do you want to join us?
We develop and build thousands of projects each year and manage the people, the finances, the design, the construction and the suppliers.
Search and apply for Skanska jobs worldwide at Job opportunities.
The numbers (2016)
|of which gain from divestments of properties*||
|Operating cash flow from business operations**||
|Capital employed, SEK bn||
|Return on capital employed, % ***||14.8||15.6|
Number of employees
* Additional gain included in eliminations was 173 190 279 112 107
** Before taxes, financial activities and dividends.
*** A definition is provided in note 44B.
Revenue per year
share of Group, %
Operating income per year
share of Group, %
Distribution capital employed, total SEK 20.0 bn, geographic area
Distribution leasing, total 379,000 sqm, geographic area
Unrealized and realized gains
|Home market||Distribution leasing, 375,000 sqm, geographic area|
More figures can be found in financial information.
|Vasakronan||Echo Investment||Trammell Crow|
Market outlook 2017
Vacancy rates for office space in most of the Nordic and Central European cities where Skanska has operations are stable.
Vacancy rates are low in Sweden in particular. Demand for office space is strong in Poland and continues to improve in other parts of Central Europe. In the U.S., demand from tenants continues to improve in Washington D.C., and remains strong in Boston and Seattle, while demand in Houston is weaker due to low oil prices.
Modern properties with high-quality tenants are in demand from property investors, resulting in attractive valuations for these properties. Investor appetite for newly developed properties remains strong in the Nordics, especially Sweden, the U.S. and Central Europe. In Poland the foreign investor appetite is still strong but has softened somewhat due to the political turbulence. In all home markets, except for Finland, there is a challenge to acquire and develop land due to increasing prices and long permitting processes.
Our ways of adding value
- Sustainable office buildings. We develop office buildings with sustainable solutions, tailored to our customers. By sharing our knowledge in green we work to provide increased value by managing our customers’ risks and their costs. With our unique knowledge in place making we create locations, which attract and satisfy customer needs as well as contribute to the local community.
- Right quality and great locations. Our high competence and self-financing enable us to deliver high-quality buildings and to find the most attractive land. Both of these aspects give us competitive advantages, and motivate our price level.
- Companies who value the work environment. We are for customers with high expectations and a willingness to invest in office buildings with innovative solutions for the work environment.