Skanska invests NOK 210M, about SEK 210M in a residential development property in Bærum, Norway
Skanska has acquired a development property in Bærum, Norway. The net investment for residential purpose amounts to NOK 210M, about SEK 210M. The seller is Profier.
The property Kirkeveien 59 is ready zoned for block housing and concentrated single-family housing. Skanska plans to build 50 apartments and 28 terraced houses. The project will be BREEAM-certified and construction work is expected to start 2023.
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.