Skanska invests EUR 58M, about SEK 610M, in a residential development project in Helsinki, Finland

Skanska invests in a residential development project in Helsinki, Finland. The total investment amounts to EUR 58M, about SEK 610M. The construction contract is worth EUR 46M, about SEK 490M, which will be included in the Nordic order bookings for the fourth quarter of 2022.

Skanska and the City of Helsinki organized an architectural competition for the project, which resulted in a high-quality design that enables sea views from many apartments. Almost all the 126 apartments have a unique layout. The building contains two commercial spaces and a communal space that can be used for remote working and training.

The building is heated and cooled sustainably with geothermal energy, and the project has the highest energy efficiency class. The aim is to receive the RTS Environmental Classification for the site.  

Construction started in November 2022 and completion is scheduled for the fourth quarter 2024.

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.