Skanska has secured a contract from OBOS to construct 121 apartments in Bærum, Norway.

The contract is worth approximately NOK480M ($55.4m).

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This contract will be included in the Nordic order bookings for Q3 2021.

The project is a pilot in The FutureBuild programme in Norway.

It will feature eco-friendly solutions that consume little energy and leave as small climate footprint as possible.

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The total aim is to cut down greenhouse gas emissions by between 30 and 50%.

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Skanska has taken part in the development of the project along with OBOS since 2017.

Construction is expected to commence during Q3 2021.

The project is slated to be completed in Q2 2024.

Earlier this month, Skanska announced an investment of $129m (aboutSEK1.1b), in the office development project 3901 Fairfax in Arlington, Virginia, the US.

The construction contract is valued at $64m (SEK 540m).

This contract will be included in the US order bookings for Q3 2021.

Skanska will develop and build a nine-story, approximately 19,000m2 office building.

This project will include a private rooftop deck, conference centre, ground floor fitness centre, 250 space below-grade parking garage with electric car charging stations, ground floor retail, and a public plaza.

It is WELL Core Pre-certified and aims for LEED and WiredScore Gold certifications as well as an Energy Star certification.

Construction is slated to commence in September 2021 and expected to complete in 2023.

Skanska stated that it has invested a total of $3.2bn in commercial and multi-family projects since 2009, creating over one million square meters of sustainable and community focused developments in the US.

 

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The contract is worth approximately NOK480M ($55.4m). Credit: ErikaWittlieb from Pixabay