Skanska to build shopping mall and apartments in Sandnes, Norway, for about SEK 640 M

10/27/2011 8:45 AM CET
Press release

Skanska has secured the assignment to build a large shopping mall and 131 apartments in Sandnes, Rogaland, Norway. The contract value amounts to NOK 553 M, about SEK 640 M, which will be included in order bookings for the fourth quarter. Customer is Vågsgaten 16 AS.

Skanska is to build a 45,000 square meter commercial and residential building in central Sandnes. The contract covers construction of 14,000 square meters of parking spaces on two floors below ground, a 20,000 square meter shopping mall and 131 apartments. The project is scheduled to be completed at the end of 2014.

Skanska Norway focuses on construction and civil engineering operations. The unit has approximately 4,200 employees. In 2010, Skanska Norway reported revenue of about SEK 11 billion. In Norway, Skanska is also active in the development of residential, commercial properties and public private partnerships (PPP) projects.