Skanska AB

12/09/2020 | Press release | Distributed by Public on 12/09/2020 00:30

Skanska sells elementary school in Växjö, Sweden, for about SEK 300M

Skanska AB
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Skanska sells elementary school in Växjö, Sweden, for about SEK 300M

Skanska has sold an elementary school in Telestadshöjden, Växjö, to the real estate company Hemsö. The school, which is under construction, will also have a preschool and a sports hall. The sale amount is about SEK 300M and the transaction will be recorded in the Commercial Property Development stream in the fourth quarter of 2020.

Rental agreements have previously been signed for the operation of the school with the International English School and with the Knowledge Preschool for the operation of the preschool.

The school will have a gross area of ​​just over 8,000 square meters and it will be developed in close collaboration with the tenants. Sustainability will be a guiding light in the project. In order to create a good school environment, aspects like healthy material choices, good ventilation and proximity to vegetation are emphasized. The intention is to make the school environmentally certified according to LEED Silver.

The school project forms part of the urban development project Telestadshöjden, where Skanska and Boklok together with Växjö municipality are developing mixed housing.

The school will be completed during the third quarter of 2022.

Skanska is one of the leading development- and construction companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska had sales of about SEK 70 billion and more than 15,200 employees in its Nordic operations during 2019.

For further information please contact:

Alexander Karlsson, Business Developer, Skanska Sverige AB, tel +46 (10) 449 23 02

Olof Rundgren, Media Relations Manager, Skanska AB, tel +46 (10) 448 67 94

Direct line for media, tel +46 (0)10 448 88 99

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Skanska is a world leader in construction and project development in select markets throughout the Nordic region, Europe and USA. Driven by the Group's values, Skanska wants to contribute to a better society and provides innovative, sustainable solutions for both simple and complex assignments. The Group has about 35,000 employees, and 2019 revenue totalled SEK 177 billion.

20201209 SE school - Image by Arkitektgruppen Malmo