Skanska signs contract for multi-family towers in Boston, USA, for USD 126 M, about SEK 820 M

3/3/2014 8:50 AM CET
Press release

Skanska has signed a contract for construction of multifamily towers in the Seaport District of Boston, MA, USA. The contract was awarded by Watermark Seaport, LLC, a joint venture partnership including Skanska USA Commercial Development and Twining Properties.The full contract amount of USD 126 M, about SEK 820 M, will be included in order bookings for Skanska USA Building for the first quarter of 2014.

US Watermark Seaport

Skanska will build the about 28,000 square-meter Watermark Seaport project, which features a 6-story building and a 17-story tower building, with a total of 346 rental units.

Construction has begun and substantial completion is expected in March 2016.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development North America, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 9,600 employees and its 2013 revenues were SEK 43.5 billion.