Skanska invests EUR 20M, about SEK 210M, in land for commercial and residential development in Helsinki, Finland

Skanska has acquired approximately 6,300 square meters of land in Helsinki, Finland, from Senate Properties. The investment amounts to EUR 20M, about SEK 210M.

Skanska is developing a property in a vibrant neighborhood near Helsinki city center. The property combines office spaces, apartments, and commercial premises. The valid zoning plan of the property encompasses 16,710 square meters of building rights for commercial development and 5,340 square meters for residential development.

Skanska and Anttinen Oiva Arkkitehdit won a design competition for the project in 2019, organized by Senate Properties, the City of Helsinki and the Finnish Association of Architects (SAFA). The new zoning plan is based on the winning proposal.

Construction is estimated to begin in the third quarter of 2023 and will be completed in 2026.

For further information please contact:

Pilvimaari Strömberg, Communications Manager, Skanska Finland, tel +358 40 519 4787

Matti Kataja, Acting Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0)10 449 67 98

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 2021 revenue totaling SEK 148 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 30,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.