Skanska invests NOK 566M, about SEK 580M, in a new office project in Oslo, Norway

Skanska invests NOK 566M, about SEK 580M in the office project Parallell in Oslo, Norway, with a total leasable area of ​​19,500 square meters. The construction contract is worth NOK 418M, about SEK 430 million, which will be included in the Nordic order bookings for the first quarter 2018.

The project is located in Lören, Oslo's largest development area, less than three kilometers from the city center, where new housing, offices, green areas and commercial areas are being developed. The area is close to Ring 3 and is easily accessible by public transport, on foot and by bicycle.

Parallel is designed to meet the requirements of the environmental certification BREEAM NOR Excellent, and Skanska's patented Deep Green Cooling system will be used in the building. Skanska also has the ambition for the building to be WELL certified. WELL is based on medical and scientific research and is based on how the built environment affects people and combines best practices in design and construction.

The project will begin immediately and the office building will be completed in spring 2020.

Skanska is one of the leading development and construction companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska offers services in public-private partnerships. Skanska had sales of about SEK 65 billion and more than 15,000 employees in its Nordic operations during 2017.

For further information please contact:

Björn Mattsson, Managing Director, Skanska Commercial Development Norway and Finland, tel +47 92 85 16 16

Audun Lågøy, Communications Director, Skanska Norway, tel +47 93 45 25 31

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media: tel +46 (0)10 448 88 99

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Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.

About Us

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 41,000 employees in selected home markets in Europe and North America. Skanska's sales in 2016 totaled SEK 151 billion.