Media

Skanska sells office building in Budapest, Hungary, for EUR 41 M, about SEK 431 M

Skanska has sold its Nordic Light Trio office building in Budapest to JR AMC, a South Korean real estate investment trust. The transaction is valued at EUR 41 M, about SEK 431 M, and will be recorded by Skanska Commercial Development Europe in the third quarter of 2019. The transfer of the property is scheduled for the second quarter of 2020.

Invitation to telephone conference and audiocast regarding Skanska’s Six month report on July 24

Skanska’s Six month report 2019 will be released on Wednesday, July 24 at 07:30 am CET.

Skanska builds multifamily house and senior care home in Gothenburg, for SEK 330 M

Skanska has signed an agreement with Sverigehuset i Göteborg AB on the construction of a senior care home and multifamily house with 193 apartments in central Gothenburg, Sweden. The contract is worth SEK 330 M, which will be included in the order bookings for Skanska Sweden for the third quarter 2019.

Skanska renovates offices building in Oslo, Norway, for about NOK 637 M, about SEK 695 M

Skanska has signed an agreement with Entra on the renovation of a building in Oslo, Norway. The contract is worth about SEK 695 M, which will be included in the Nordic order bookings for the second quarter 2019.

Skanska signs contract for new data facility in western USA for USD 69 M, about SEK 649 M

Skanska has signed a contract to build a new data facility in western USA worth USD 69 M, about SEK 649 M, which will be included in the US order bookings for the second quarter 2019.

Skanska signs additional contract for corporate office improvements in western USA for USD 51.1 M, about SEK 481 M

Skanska has booked an additional order with an existing client for improvements to their corporate office in the western USA. The incremental contract with our joint venture of Skanska Balfour Beatty is worth USD 102.2 M; Skanska’s contract value is USD 51.1 M, about SEK 481 M, which will be included in the US order bookings for the second quarter 2019.

Skanska to rehabilitate roadway in the Northeast United States for USD 114 M, about SEK 1.1 billion

Skanska has signed a contract to rehabilitate a roadway in the Northeast United States. This contract is worth USD 114 M, about SEK 1.1 billion, which will be included in US order bookings for the second quarter of 2019.

Skanska signs new tenant lease at 99M in Washington, D.C., USA

Skanska has signed a lease for 11 years with CommonGrounds Workplace for approximately 4,100 square meters at its 99M office development in Washington, D.C., USA. The flexible workplace provider will take occupancy in spring 2020. With this transaction, the office portion of the development project is now 76 percent leased.

Legal cases impacting operating income positively by SEK 408 M in second quarter

The Competition Authority in the Czech Republic recently informed Skanska that it will issue a decision to terminate the proceeding initiated in 2016 concerning the R4 project in the Czech Republic. The statement follows the judgment from the Czech Supreme Court in March 2019 to annul the previous decision by the Competition Authority to impose a fine on Skanska and other companies. Given the low likelihood of any further financial exposure in the case, Skanska will release a central provision, impacting operating income in the Central stream positively in the second quarter 2019 totaling SEK 212 M. This will not have a cash flow impact.

Skanska to construct new entrance to Pennsylvania Station in New York City, USA, for USD 119 M, about SEK 1.1 billion

Skanska has signed a contract with Vornado Realty Trust to construct an additional entrance to New York City’s historic Pennsylvania Station (Penn Station). This contract is worth USD 119 M, about SEK 1.1 billion, which will be included in US order bookings for the second quarter of 2019.