Skanska develops and constructs residential housing in Gothenburg – invests approximately SEK 450 M

Skanska is to develop and construct a new residential area adjacent to Frölunda Torg in Gothenburg. Skanska has entered into an agreement with Diligentia regarding the purchase of land with the associated building rights. Skanska’s investment in land and project development will amount to approximately SEK 450 M.

The new residential area, comprising three buildings from three to nine floors high, is being built with a parking deck on the bottom level. In total, Skanska will construct about 180 apartments in varying sizes, but with a focus on three-room apartments.

The residential project will be one of the first 3D properties to be registered in Gothenburg. 3D means that a property can be divided up into different areas of use with different owners.

Sales are scheduled to commence in the spring of 2008, with occupancy scheduled for spring of 2010. The construction work will start in the winter 2008/2009.

The apartment buildings, featuring an exciting and modern design, are part of the major refurbishment of Frölunda Torg and its surrounding neighborhood.

Skanska Residential Development Nordic will initiate and develop the residential area for apartment buildings and single-family houses. The unit develops about 4,200 new homes per year. The business unit has approximately 400 employees in four countries: Sweden, Finland, Norway and Denmark.




For further information please contact:

Björn Nilsson, Head of Communications, Skanska Residential Development Nordic, tel +46 733-49 82 90
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: tel +46 8 753 88 99