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2016-11-15

Skanska: Skanska renovates residential buildings in Stockholm, Sweden, for about SEK 430M

Skanska has signed a contract with Stockholmshem to renovate six
residential buildings at Valla Torg in Stockholm, Sweden. The
contract is worth about SEK 430M, which will be included in the order
bookings for Skanska Sweden in the fourth quarter 2016.

The assignment includes a complete renovation of 302 apartments and
public areas in four 13-storey buildings and two three-storey
buildings constructed in the early 1960s. Parts of the public areas
in the attic and on the ground floor will be converted into 20 new
apartments. The land adjacent to the buildings is being renovated and
new patios constructed to the new apartments on the ground floor.

The construction project is part of the EU project Grow Smarter
operated by the City of Stockholm. Grow Smarter focusses on how
cities using smart environmental technology solutions can create more
jobs and grow while becoming more energy efficient, easily accessible
and attractive for residents.

By using energy-efficient and sustainable solutions for heating,
ventilation and lighting, Skanska will be able to reduce energy
consumption in the buildings by sixty percent when the renovations
are completed.

The renovations will begin immediately and should be completed early
2019.

Skanska is one of the largest project development and construction
companies in Sweden, with operations in building and civil
engineering as well as in residential and commercial development. The
unit has about 10,000 employees. Revenues from construction amounted
to SEK 27 billion in Sweden in 2015. Residential development sold
about 2,200 new homes. Skanska also offers services in public-private
partnerships.

For further information please contact:

Martin Junblad, District Manager, Skanska Sverige, tel +46 (0)10-448
64 98

Andreas Joons, Press Officer, 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

The information provided herein is such as Skanska AB is obligated to
disclose pursuant to the EU market securities act (EU) no. 596/2014.

Skanska is one of the world's leading project development and
construction groups with expertise in construction, development of
commercial and residential projects and public-private partnerships.
Based on its global green experience, Skanska aims to be the clients'
first choice for Green solutions. The Group currently has 43,100
employees in selected home markets in Europe and in the US. Skanska's
sales in 2015 totaled SEK 155 billion.

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http://news.cision.com/skanska/r/skanska-renovates-residential-buildings...
http://mb.cision.com/Main/95/2122553/589687.pdf

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