Skanska invests USD 94 M, about SEK 613 million, in a new office building in Houston, USA
| Source:Skanska AB
Skanska is investing USD 94 M, about SEK 613 million, in a new office building
in The Energy Corridor in Houston, USA. The total leasable area will be
approximately 30,000 square meters. Skanska USA Building will implement the
project at a contract value of USD 55 M, about SEK 360 M, which will be included
in order bookings for the third quarter of 2013.
The development features a 12-story office building connected to a nine-story
parking garage with more than 1,300 spaces for tenants and visitors. The large
amount of green space throughout the property strikes an appealing balance
between working life and the surrounding green areas. The development is
targeting LEED Gold certification.
Petroleum Geo-Services (PGS) is the first tenant and will occupy 11,300 square
meters of the building.
The project will start in September 2013 and is expected to be completed in the
first quarter 2015.
Skanska USA is one of the leading development and construction companies in the
country, consisting of four business units: Skanska USA Building, which
specializes in building construction; Skanska USA Civil, specialized in civil
infrastructure; Skanska Infrastructure Development, which develops public
-private partnerships; and Skanska Commercial Development, which develops
commercial projects in selected U.S. markets. Headquartered in New York, Skanska
USA has approximately 8,300 employees and revenues in 2012 were SEK 37.3
For further information, please contact:
Jessica Murray, Head of Communications – Project Development, Skanska USA, tel
+1 404 946 7468
Edvard Lind, Group Press Officer, Skanska AB, tel +46 (0)10-448 88 08
Direct line for media: tel +46 (0)10 448 88 99
Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.
Skanska is one of the worldʼs leading project development and construction
groups with expertise in construction, development of commercial and residential
projects and public-private partnerships. Based on its global green experience,
Skanska aims to be the clients' first choice for Green solutions. The Group
currently has 57,000 employees in selected home markets in Europe, in the US and
Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange,
Skanska's sales in 2012 totalled SEK 132 billion.
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