Skanska invests USD 296M, about SEK 3 billion, in a multi-family development project in Seattle, Washington, USA

Skanska invests in Kaye, a multi-family development project in Seattle, Washington, USA. The total investment is USD 296M, about SEK 3 billion. The construction contract is worth USD 190M, about SEK 1.9 billion, which will be included in the US order bookings for the fourth quarter 2022.

Skanska will develop and build a 31-story, 324-unit Class A apartment building in Belltown, Seattle. The project will feature underground parking and a ground floor with mixed-use space, and retail space.

The Project is targeting LEED Gold, Fitwel, and WiredScore certifications.

Construction starts in December 2022, and completion is scheduled for the second quarter 2025.

For further information please contact:

Alicia Jones, Director Communications, Skanska USA, tel + 1 703 835 2762

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0)10 449 04 94

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.