Skanska constructs new logistics center in Sipoo, Finland – Skanska’s contract worth EUR 49 M, about SEK 419 M
| Source:Skanska AB
The joint venture company Freeway, formed by Skanska and Lemmikäinen, has signed
a contract for constructing the S Group’s new logistics center in Bastukärr,
Sipoo, Finland. The contract value for the first phase is EUR 98 M, about SEK
838 M. Skanska will include its share, EUR 49 M, about SEK 419 M, in order
bookings for Skanska Finland for the third quarter 2013.
The logistics center will have a surface area of around 189,000 square meters
and a capacity of around 3,400,000 cubic meters. The project is carried out in
five partly overlapping phases, with separate construction contracts for each
phase. The first phase comprises about 75,000 square meters. Skanska and
Lemmikäinen have equal shares in the joint venture. The joint venture Freeway
and a company owned by the S Group, S-Ryhmän Logistiikkakeskukset Oy, signed a
frame agreement on the construction project of the logistics center in June
The works on the site have begun, and the first phase will be completed in the
summer 2016. The logistics center will be completed in its entirety in 2018.
Skanska Finland is one of the leading construction companies in Finland and
Estonia. The company is active in building construction, residential and
commercial premises, as well as civil engineering projects. The combined sales
for Skanska’s Finnish and Estonian operations in 2012 were SEK 8.4 billion and
the company employed about 2,460 people. In Finland, Skanska is also active
within development of residential, office and PPP projects.
For further information please contact:
Liisa Salmela, Communications Manager, Skanska Oy, tel. +358 50 374 3070
Pontus Winqvist, Senior Vice President Investor Relations, Skanska AB, tel +46
10 448 88 51
Direct line for media, +46 10 448 88 99
This and previous releases can also be found at www.skanska.com
Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.
Skanska is one of the world’s leading project development and construction
groups with expertise in construction, development of commercial and residential
premises, and public-private partnership projects. Based on its global green
experience, Skanska aims to be the client’s first choice for green solutions.
The group currently has 57,000 employees in selected home markets in Europe, the
US and Latin America. Skanska's sales in 2012 totalled SEK 132 billion.
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