Skanska sells rental apartment project in Salem, Sweden, for about SEK 270 M
Skanska has sold the rental apartment project Norra Vitsippan in Salem outside Stockholm, Sweden, for about SEK 270 M. The buyer is NREP. The transaction will be recorded by Skanska Residential Development Sweden in the fourth quarter 2019. The transfer is expected to take place in the third quarter 2021.The project Northern Vitsippan consists of seven buildings with two to four storeys and a total of 108 rental apartments. The apartments will be a supplement in an area with villas and condominiums.
The project aims to reduce the carbon footprint by erecting the buildings in wood. The