Hi-res image Kvartal 32

Swedish construction and development giant Skanska has won a new contract to develop a commercial building in Norway, and sold an office building in the Czech Republic.

The contract, which is worth NOK390m ($45m), has been signed with Christiansholm Eiendom for construction and renovation of the commercial development Kvartal 32 at Kristiansand in Norway.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The building will have a gross area of about 29,000m², which will be spread over five floors and two underground floors.

The commercial project will offer spaces suitable for office, retail, hotels and restaurants.

Skanska Norway is expected to start construction for the project shortly and finish by early 2018.

“Skanska Norway is expected to start construction for the project shortly and finish by early 2018.

In a separate deal, the firm has sold Corso Court, an office building in Prague, Czech Republic for around Skr520m (€55m).

The building has been acquired by global investment firm Invesco Real Estate through a separate account mandate, which the firm manages.

Skanska Commercial Development Europe expects to conclude the transfer of the property by the end of the final quarter this year.

Commissioning of the office construction, which offers a total leasable area of around 17,200m², was done in July this year.

The office project is 100% leased at present and is expected to receive LEED Platinum certification.

Image: The proposed commercial project Kvartal 32 in Norway will offer spaces for office, retail, hotels and restaurants. Photo: courtesy of Skanska.