Skanska invests in land in Massachusetts, USA, for USD 177M, about SEK 1.5 billion
Skanska has acquired about 2,787 square meters of land in Boston, Massachusetts. The seller is John Hancock Life Insurance Company. The land acquisition amounts to USD 177M, about SEK 1.5 billion.Located at 380 Stuart Street in the Back Bay neighborhood of Boston, Skanska plans to develop a 27-story, about 58,000 square meter, Class-A office building with ground-floor retail and below-ground parking. The project will target LEED® Platinum, Fitwell, and WiredScore certifications. The development site is in the center of the city’s commuter hub, with close proximity to the Boston Public