Skanska divests the rental residential project Arkaden in Lund, Sweden, for about SEK 520M
Skanska divests a rental residential project with 139 rental apartments and a grocery store in Lund, Sweden, for about SEK 520M to LF Skåne Hyresfastigheter. The transaction will be recorded by Skanska Commercial Development in the fourth quarter of 2024, while transfer of ownership will take place in the second quarter of 2027. The construction contract, worth about SEK 340M, will be included in the order bookings for Skanska Sweden in the fourth quarter of 2024.The Arkaden project is located in Råbylund, approximately three kilometers from Lund's city centre. The block will consist of