Skanska builds multi-family houses in Prague, Czech Republic, for CZK 850M, about SEK 380M

Skanska has signed a contract with Finep CZ to build a residential complex in Prague, Czech Republic. The contract is worth CZK 850M, about SEK 380M, which will be included in the order bookings for Europe for the second quarter of 2024.

The project includes the next phase of construction for the Barrandov Cascades residential project, which consists of 4 residential buildings with 5-6 floors and a total of 200 new apartments, as well as two-story underground garages.

The commencement of construction is expected in May 2024, with completion scheduled for autumn 2026.

For further information please contact:

Ondřej Šuch, Head of External Affairs, Skanska Central Europe, tel +420 725 628 760

Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska Group uses its knowledge and foresight to shape the way people live, work, and connect. We are one of the world’s largest project development and construction companies, with 2023 revenue totaling SEK 157 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our approximately 27,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.