Skanska Norway has secured a contract for the construction of Aveny Vest, a 176 residential apartments project divided into three houses in central Lillestrøm, Norway, and the company’s first BREEAM-certified housing project in Norway.
The construction contract is worth NOK490m ($57m) of which NOK304m ($35m) is included in Skanska Norway’s order bookings for the fourth quarter of 2018 and the remaining amount will be booked in 2019 and 2020.
The investment constitutes approximately NOK640m (74m), which was booked by Skanska Residential Development Nordic in the second quarter of 2016 and in the third quarter of 2017.
Construction is expected to commence in the first quarter of 2019 and all properties will be ready by 2021.
Many of the apartments have already been sold. Next sale will begin in 2019.
Earlier in November 2018, Skanska won a SEK1.8bn ($199m) order for the development of an office project, Citygate, in Gothenburg, Sweden. The construction contract is valued at SEK1.5bn ($166m).
With 36 floors, Citygate will be the tallest office building in the Nordic region and will have a leasable area of approximately 42,000m².
The office building will be WELL certified, which is based on medical and scientific research on how built environments affect people, as well as LEED certified (Leadership in Energy and Environmental Design).
The Citygate project will also take social responsibility to prevent exclusion and promote employment in the city of Gothenburg.
Skanska has developed Citygate project together with Danish architectural office Henning Larsen Architects.
Work on the project commences in December 2018 and will be completed in March 2022.
Previously, Skanska, in a joint venture with Megen Construction, signed a contract with Southwest Local School District and the Ohio Facilities Construction Commission to build four school buildings in Harrison, Ohio, US.
Skanska, leading the joint venture, has a share of 70% in the contract, totalling SEK495m ($54m). The total contract is worth $75m.
The 34,000m² building programme involves replacing five existing schools with three new elementary schools and one new middle school. The new schools have been designed to be LEED Silver certified.
Construction will begin in June 2019 and the project is expected to be completed in September 2021.
Image: Aveny Vest residential apartments project to be constructed in central Lillestrøm, Norway. Photo: Courtesy of Skanska.