Skanska develops and sells hotel in Kiruna, Sweden, for about SEK 500 million
Skanska develops and builds a new hotel in central Kiruna, Sweden, with Scandic hotels as operator. The hotel is sold to LKAB that will take over the building at the completion in the autumn 2021. The hotel is developed by Skanska Sweden. The sales value is about SEK 500 million, which will be booked in the Commercial Property Development stream in the second quarter of 2019.The construction contract is worth about SEK 400 million, which will be included in the order bookings for Skanska Sweden for the second quarter of 2019. The new hotel will be built next to the town Hall on the