Skanska is building an office building in London, UK, for £ 135 million, roughly SEK 1.5 billion

Skanska has signed an agreement with Quadrant and funds managed by Oaktree Capital Management, LP (“Oaktree”) to build YY London, 30 South Colonnade in Canary Wharf, London, United Kingdom. The contract is valued at 135 million pounds, roughly 1.5 billion Swedish kronor, which will be included in the European purchase order for the first quarter of 2021.

Skanska will renovate the structure of an 11-storey office building. The work includes installing a new facade cladding, three new floors with office space, new reception, elevators and facilities.

The building is aiming for environmental certification according to BREEAM Outstanding and WELL Platinum.

Work will begin in April 2021 and will be completed during the last quarter of 2022.

Skanska is one of the leading construction and project development companies in Europe. Outside the North region, the company is involved in home construction and infrastructure construction in Poland, the Czech Republic, Slovakia, Hungary, Romania and the United Kingdom. Skanska develops commercial properties in select home markets in Poland, the Czech Republic, Romania and Hungary, while housing development in Poland, the Czech Republic and the United Kingdom is active with the BoKlok concept. Skanska had sales of 26 billion SEK in 2020 and had approximately 10,100 employees in its European operations outside the Nordic region.

For more information, contact:

Andreas Jones, Press Secretary, Skanska AB, phone 010 449 04 94

Media Beeline, phone 010 448 88 99

This is in addition to previous press releases also available www.skanska.com.

Skanska is a global leader in construction and project development in select markets in the Nordic region, Europe and the USA. Based on the company’s values, Skanska contributes to a better society by providing innovative and sustainable solutions. The group has approximately 32,500 employees and sales in 2020 are SEK 159 billion.