Skanska has acquired about 3,000 square meters of land in Washington, DC, USA. The seller is Brandywine Realty Trust. The land acquisition amounts to USD 30M, about SEK 280M.
The site at 25 M Street Southeast, is located south of the United States Capitol and within close proximity to notable retail, dining, and entertainment establishments such as Nationals Park. This acquisition marks Skanska's tenth commercial venture in Greater Washington, DC metro area, and one of the few remaining opportunities for a core development site near the Capital Riverfront.