Skanska Signs $56.5m Stockholm Residential Contract

Skanska has signed a contract with AB Stockholmshem to construct five houses in Stockholm, Sweden. The contract is worth about SEK 390 M ($56.5m), which will be included in order bookings for Skanska Sweden for the third quarter of 2014. 

The new homes will include 154 rented apartments, garage and store premises, and will be constructed to be highly sustainable. About 30 percent of the property's electricity will come from renewable energy sources like wind or solar. Skanska’s ambition is that the houses will certified according to Miljöbyggnad, Gold Level.

Construction will begin in November 2014, and the project will be completed in August 2017.