Commercial Property Development
Commercial Property Development provides offices and properties in selected geographic markets in the Nordic region, Europe and USA. Here you will find key figures, market drivers and trends.
Skanska creates healthy, environmentally responsible and customer-focused offices and properties. Commercial Property Development initiates, develops, leases and divests properties built by Skanska's Construction business stream. These buildings contribute to tenants’ well-being and creativity.
Key figures (2019)
| SEK M | 2019 | 2018 |
|---|---|---|
| Revenue | 17,850 | 16,271 |
| Operating income | 3,287 | 3,069 |
| Of which gain from divestments of properties* | 4,275 | 4,005 |
| Investments | –12,946 | -11,452 |
| Divestments | 13,713 | 15,275 |
| Operating cash flow from business operations** | –1,063 | -3,984 |
| Capital employed, SEK bn | 34.5 | 26.7 |
| Return on capital employed, % *** | 10.5 | 12.8 |
| Number of employees | 427 | 414 |
* Additional gain included in eliminations was 240 (321)
** Before taxes, financial activities and dividends.
*** As of January 1, 2019, return will be based on yearly earnings and not on
successive value creation. A definition is provided in Note 43 in Skanska Annual
and Sustainability Report 2019.
| Commercial Property Development, Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| (SEK M) | 17,850 | 16,271 | 11,440 | 10,226 | 9,034 |
| Commercial Property Development, Operating income | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| (SEK M) | 3,287 | 3,069 | 2,714 | 2,336 | 1,947 |