Skanska to construct new phases of logistics center in Sipoo, Finland, for EUR 74 M, about SEK 660 M
ET | Source:Skanska AB
Skanska has, in joint venture with Lemminkäinen, signed a contract with S Group
to construct the last three phases of a new logistics center for daily consumer
goods in Sipoo, Finland. Skanska and Lemminkäinen have equal shares in the joint
venture company Freeway. The total contract value is approximately EUR 148 M,
about SEK 1.3 billion. Skanska’s share is EUR 74 M, about SEK 660 M, which will
be included in order bookings for Skanska Finland in the second quarter 2014.
The logistics center is currently one of the largest construction projects in
Finland. It will have a surface area of about 189,000 square meters and a
capacity of around 3,400,000 cubic meters. Phases III and IV cover the storage
facilities for refrigerated foods and phase V the facilities for frozen foods.
Construction of the logistics center began in June 2013, and will be completed
Skanska Finland is one of the leading construction companies in Finland. The
company is active in building construction, residential and commercial premises,
as well as civil engineering projects. The combined sales for Skanska Oy’s
operations in 2013 were SEK 7.1 billion and the company employed about 2,190
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
Edvard Lind, Head of Media Relations, Skanska AB, tel +46 10 448 88 08
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 2013 totaled SEK 136 billion.
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