Skanska sells multi-family development in Boston, USA, for about USD 60M, about SEK 510M
Skanska has, in partnership with Twining Properties, divested its Watermark Seaport multi-family development in Boston, USA, to CLPF Residences at Seaport LLC. Skanska’s equity ownership is 42.75 percent. Skanska’s portion of the divestment, about USD 60M, about SEK 510M, will be recorded by Skanska USA Commercial Development in the fourth quarter of 2017. The transfer of ownership of the property to CLPF Residences at Seaport LLC will occur in the first quarter of 2018.The 28,000 square-meter Watermark Seaport project is LEED Gold certified and offers 346 residential units in a 17-story