Skanska invests CZK 1 billion, about SEK 480M, in second phase of a residential project in Prague, Czech Republic

Skanska invests CZK 1 billion, about SEK 480M in the second phase of the residential development project Modransky cukrovar in Prague, Czech Republic. This phase will offer 126 apartments and 6 commercial units.

The concept of low-impact living is interwoven throughout the project, from high energy efficiency of buildings to the use of recycled materials and extensive blue, green and grey infrastructure. Modransky cukrovar aspires to achieve a BREEAM rating, level Excellent.

The dominant features in the project will be a new central square and a pedestrian zone, a linear park for recreation and a revitalized part of the Vltava river embankment. Artistic installations from the work of Czech sculptors resulting from the Art.Cukrovar open competition will be placed in the park.

Comprising of more than 800 housing units in total, the project is delivered in six phases. The construction of the second phase starts in December 2023, and it is scheduled for completion at the end of 2025.

For further information please contact:

Renata Vildomcova, Communications Director, Skanska Residential Development Czech Republic, tel. +420 739 501 655

Jacob Birkeland, Head of Media Relations and Public Affairs, tel +46 76 899 7269

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 knowledge & foresight to shape the way people live, work, and connect. Over 135 years in the making, we’re one of the world’s largest project development and construction companies, with 2022 revenue totaling SEK 162 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 28,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.