/ News / Skanska divests rental residential project in Stockholm, Sweden, for about SEK 580M

Skanska divests rental residential project in Stockholm, Sweden, for about SEK 580M

Parul Dubey on March 21, 2022 - in News, Projects

Skanska has divested a multi-family rental project with high climate ambitions in Stockholm, Sweden, for about SEK 580M. The buyer is NREP. The transaction will be recorded by Skanska Sweden in the Residential Development stream in the first quarter of 2022. The transfer will take place in connection with completion, which is planned for the first quarter of 2025.

Skanska is developing the Tora project, next to Spånga commuter train station, in the emerging new Bromstensstaden. The block consists of 145 rental apartments, of which ten are LSS homes for people with special needs. There will be four buildings, with some commercial premises on ground floor and a garage, totalling approximately 9,100 square meters of leaseable area.

The project has great focus on minimizing climate impact. Skanska’s green concrete, which has a halved climate impact compared to regular concrete, as well as solar panels on the roofs are examples of measures that contribute to lower emissions. Materials has also been chosen carefully.

Construction will begin in the spring of 2022 and is expected to be completed by the end of 2024.

For further information please contact:

Olof Rundgren, Media Relations Manager, Skanska AB, tel: +46 (0)10 448 67 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.

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