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Skanska to develop and construct homes in Stockholm

Swedish construction firm Skanska has established cooperation with Areim and Index Estate to construct and participate in the development and financing of 224 tenant-owned apartments in Kungsholmen, in central Stockholm. The contract amount for the construction assignment amounts to SEK 400 M.

The new Västermalms Strand residential project is part of the transformation of western Kungsholmen, in Stockholm, into a modern and attractive residential area.

Sale of the apartments commenced recently and construction is expected to begin in the second quarter of 2010, with the first occupancy expected in autumn 2011.



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