Skanska to Construct NOK 316 M Commercial Property in Jessheim, Norway

Skanska har signed a contract with Harald Kværner Eiendom AS to construct a commercial property and a parking garage in Jessheim, Norway. The contract value is NOK 316 M, about SEK 340 M, which will be included in order bookings for Skanska Norway for the second quarter of 2015.

The new six-storey building will consist of office space, retail stores and a parking garage. The total area will about 50,000 square meters.

The project will start in May 2015 and be completed in March 2017.

Skanska Norway focuses on construction and civil engineering operations. The unit has approximately 4,200 employees. In 2014, Skanska Norway reported revenue of SEK 14.3 billion. In Norway, Skanska is also active in the development of residential, commercial properties and public private partnerships (PPP) projects.

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act. Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 58,000 employees in selected home markets in Europe and North America. Skanska's sales in 2014 totalled SEK 145 billion.

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Source: http://www.skanska.com/

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