Skanska invests SEK 1.8 billion in office project Citygate in Gothenburg, Sweden

Skanska invests approximately SEK 1.8 billion in the office project Citygate in Gothenburg, Sweden. The construction contract is worth about SEK 1.5 billion, which will be booked in the order intake for Sweden in the fourth quarter of 2018.

Citygate will have 36 floors, equivalent to 144 meters, which will make it the tallest office building in the Nordic region. It will have a leaseable area of ​​approximately 42,000 square meters.

The office building will be WELL certified, which is based on medical and scientific research on how built environments effect people, as well as LEED certified (Leadership in Energy & Environmental Design).

The Citygate project will also take extensive social responsibility to counteract exclusion and promote employment in the city of Gothenburg.

Citygate has been developed together with the Danish architectural office Henning Larsen Architects. The project starts in December this year and will be completed in March 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 offers services in public-private partnerships. Skanska had sales of about SEK 65 billion and more than 15,000 employees in its Nordic operations during 2017.

For further information please contact:

Patric Elmén, acting Head of Media Relations, tel +46 (0) 10 449 31 34

Micko Pettersson, Managing Director, Skanska Fastigheter Gothenburg, tel +46 (0) 10 448 45 33

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 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 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.