Skanska makes its first land investment for residential development in Poland
Skanska has acquired plot located at Ostrobramska Street in Warsaw, Poland, for a residential development project. The size of the plot is 69,000 square meters.
The plot is located in an already established and very attractive residential area in Warsaw, the Prague district at Ostrobramska Street. It is conveniently situated approximately 5 kilometers from Warsaw city center and offers easy access to public transportation. It is also close to ‘Promenada’, one of the largest shopping centers in Warsaw.
Skanska Residential Development Poland is a newly established business unit within Skanska. Already active in Poland are Skanska Property Poland, Skanska Infrastructure Development and Skanska SA is one of the largest construction companies in Poland, with sales of SEK 9 billion in 2010 and about 6,800 employees.