Skanska builds residential block in Helsinki, Finland, for EUR 45 M, about SEK 470 M

Skanska has signed a contract with the City of Helsinki to build a block of five residential buildings in Helsinki, Finland. The contract is worth EUR 45 M, about SEK 470 M, which will be included in the Nordic order bookings for the second quarter 2019.

The buildings in the area of Kalasatama in Helsinki will have six to eight storeys, and altogether 193 apartments will be built. A part of the new homes will be subsidized or rental apartments. A joint parking facility will be built under the joint courtyard and on the ground floor there will be facilities for the residents as well as commercial facilities.

The new homes will have an automation and energy information system that makes it possible for the residents to monitor their own water and energy consumption and remotely control their electric devices with a web application. In the area, environmental efficiency has been taken into consideration for example through a suction system for household waste.

Construction work begins in April 2019 and all the residential block is scheduled for completion by early 2022.

Skanska is one of the leading development and construction companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska had sales of about SEK 67 billion and more than 15,500 employees in its Nordic operations during 2018.

For further information please contact:

Liisa Salmela, Communications Manager, Skanska Finland, tel +358 50 374 30 70

Jacob Birkeland, Head of Media Relations, Skanska AB, tel +46(0)10 449 19 57

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

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

Skanska is a world leader in construction and project development on select markets in the Nordic region, Europe and USA. Driven by the Group’s values, Skanska wants to contribute to a better society. Skanska provides innovative, sustainable solutions for both simple and complex assignments. Skanska has about 38,000 employees, and 2018 revenue totaled SEK 170 billion.

About Us

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 38,000 employees. Skanska's sales in 2018 totaled SEK 170 billion.

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