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 (2018)

SEK M 2018 2017
Revenue  16,271 11,440
Operating income 3,069 2,714
Of which gain from divestments of properties* 4,005 2,879
Investments -11,452 -10,716
Divestments  15,275 9,341
Operating cash flow from business operations** -3,984 -3,119
Capital employed, SEK bn 26.7 24.5
Return on capital employed, % *** 12.8 15.5
Number of employees 414 389

* Additional gain included in eliminations was 321 (197) 
** 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 defenition is provided in Note 44 in Skanska Annual
and Sustainability Report 2018.


Share of Group, %

Before Central and eliminations.

Operating income

Share of Group, %*


 Before Central and eliminations.

Commercial Property Development, Revenue(SEK M)2018201720162015201405101520
Commercial Property Development, Revenue 2018 2017 2016 2015 2014
(SEK M) 16,271 11,44 10,226 9,034 10,228
Commercial Property Development, Operatingincome(SEK M)2018201720162015201401234
Commercial Property Development, Operating income 2018 2017 2016 2015 2014
(SEK M) 3,069 2,714 2,336 1,947 1,7

Capital employed, total SEK 26.7 bn

Geographic area


Leasing, total 511,000 sq m

Geographic area

Unrealized and realized gains

Market drivers and key trends

Economic growth

Economic growth increases companies' recruitment needs, which drives activity in the leasing market.


More people moving to cities increases demand for offices and logistics centers close to cities.

Cost-efficient location

Energy-efficient, green premises in attractive areas are in demand and are contributing to relocation.

Attractive investment

Long-term tenants in high-quality properties offer attractive returns for investors.

Commercial property services

Our Commercial property services create healthy, environmentally responsible and customer-focused offices and properties.

Discover our services in Commercial property