Skanska invests USD 128M, about SEK 1.1 billion, in OZMA, a multi-family development project in Washington, DC, USA. The construction contract is worth USD 96M, about SEK 800M, which will be included in the US order bookings for the third quarter 2021.

Located in Northeast Washington, DC, Skanska plans to develop and build OZMA, a 13-story, 275-unit luxury apartment building. The project will feature 5,200 square meter of amenity space, below grade parking, 2,400 square meter of ground floor retail space and is targeting LEED Gold, WiredScore Gold and Fitwel Certifications.

Skanska is divesting a portfolio of six logistics projects in Sweden to Barings. In a first stage, the divestment of two projects, at a total value of SEK 1.1 billion, will be recorded by Commercial Development Nordic in the fourth quarter 2021. Transfer of the properties will take place in connection with completion in 2022 and 2023.

Skanska invests EUR 26M, about SEK 260M in a residential development project in Helsinki, Finland. The building will consist of 74 apartments.

The aim is to receive a RTS Environmental Classification. The project represents the highest energy efficiency class and solar panels on the rooftop will help generate some of the electricity used by the property. Parking places will be equipped to accommodate charging electric cars, and residents will have access to car sharing.

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

Skanska has signed a contract with Union Investment to build rental apartments in Helsinki, Finland. The contract is worth EUR 68M, about SEK 690M, which will be included in the Nordic order bookings for the fourth quarter 2021.

The 33-storey building encompasses 288 rental apartments, totaling approximately 18,400 square meters. The building will represent the highest energy efficiency class and include rooftop solar panels that will generate some of the electricity used by the property.