Skanska develops and constructs new premises at Linnaeus University in Kalmar for SEK 1.5 billion

ÖSTERSUND, Sweden--()--Regulatory News:

Skanska has signed a ten year lease with Linnaeus University in Kalmar, Sweden, which results in a construction contract worth about SEK 1 billion. In addition, Skanska has received an order for conversion and extension of additional premises on the campus with an order value of about SEK 500 M. The contracts will be included in order bookings for Skanska Sweden for the first quarter in 2016.

Skanska develops and constructs three new buildings with a total area of 43,000 square meters, including an underground garage, in the eastern part of the campus. One building will house the university library while the other two houses classrooms, offices and laboratory rooms.

The second contract involves the refurbishment and extension of three houses up to six stories high, in the western part of the campus, with an approximate area of 22,000 square meters. These will primarily house lecture halls, auditoriums and offices.

The goal is that the refurbishment, the extension as well as the new construction will be environmentally certified in accordance with LEED.

Construction will begin in February 2016. The western part of the campus is expected to be completed by summer 2019 and the eastern part by summer 2020.

Skanska Sweden is one of Sweden’s largest construction and project development companies. It operates within building and civil-engineering construction and within residential and commercial development. The business unit had about 11,000 employees and revenue in 2014 amounted to approximately SEK 30 billion.

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 partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 58,000 employees in selected home markets in Europe and North America. Skanska's sales in 2014 totalled SEK 145 billion.

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Contacts

For Skanska AB:
Håkan Isfalk, +46 (0)10 448 92 13
Regional Manager Skanska Sverige
or
Andreas Joons, +46 (0)10 449 04 94
Press Officer, Skanska AB
or
Direct line for media, +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com

Contacts

For Skanska AB:
Håkan Isfalk, +46 (0)10 448 92 13
Regional Manager Skanska Sverige
or
Andreas Joons, +46 (0)10 449 04 94
Press Officer, Skanska AB
or
Direct line for media, +46 (0)10 448 88 99
This and previous releases can also be found at www.skanska.com