Skanska invests EUR 38M, about SEK 400M, in a residential development project in Espoo, Finland

11/7/2022 7:30 AM CET
Press release Non-regulatory press releases

Skanska invests in a residential development project in Espoo, Finland. The total investment amounts to EUR 38M, about SEK 400M. The building will be 17 storeys high and consists of 133 apartments.

espoo residential

The project has the highest energy efficiency class, and it is aiming to receive the RTS Environmental Classification for the site. Solar panels on the rooftop will help generate some of the electricity used by the property.

On the top floor there will be a large communal space, which for example can be used for remote working or organizing events. There will also be excellent storage and maintenance facilities to encourage biking all year round. The site is located next to a new metro station, which will open later this year.

Construction started in November 2022, and completion is scheduled for the first quarter 2025.