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Skanska invests EUR 36M, about SEK 370M in a residential development project in Oulu, Finland. The building will be 16-storeys high and consists of 94 apartments.

The aim for the project is to receive a RTS Environmental Classification. Solar panels on the rooftop will help generate some of the electricity used by the property and parking places will be equipped to accommodate charging electric cars. There will also be excellent storage and maintenance facilities to encourage biking all year round.

Construction started in August 2021 and it is expected to be completed during the third quarter 2023.

Skanska is one of the leading construction- and project development 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 66 billion and about 14,800 employees in its Nordic operations during 2020.

Skanska is one of the world's leading construction and project development companies, with a compelling offer and a solid business model that creates sustainable futures for customers and communities as well as creates value for shareholders.