Skanska invests in land in Washington, DC, USA, for USD 30M, about SEK 280M
Skanska has acquired about 3,000 square meters of land in Washington, DC, USA. The seller is Brandywine Realty Trust. The land acquisition amounts to USD 30M, about SEK 280M.
The site at 25 M Street Southeast, is located south of the United States Capitol and within close proximity to notable retail, dining, and entertainment establishments such as Nationals Park. This acquisition marks Skanska’s tenth commercial venture in Greater Washington, DC metro area, and one of the few remaining opportunities for a core development site near the Capital Riverfront.
Since 2009, Skanska USA Commercial Development has invested more than USD 3 billion in commercial and multi-family projects, creating more than 1 million square meters of sustainable and community focused developments in select U.S. markets.