Skanska Sells Arkaden Project in SEK 520M Deal for Investors
Skanska Divests Arkaden Rental Residential Project
Skanska has recently finalized the sale of the Arkaden project, a rental residential development that features 139 rental apartments along with a grocery store. Sold to LF Skåne Hyresfastigheter for approximately SEK 520 million, this transaction marks a significant milestone for the company.
Details of the Arkaden Project
The Arkaden development is strategically located in Råbylund, just a short distance from the city center. Spanning around 11,000 square meters, this project is designed to offer modern living spaces tailored for the community. A notable aspect of the Arkaden project is its commitment to sustainability. Plans indicate that it will operate at more than 20% efficiency above current standards, representing significant reductions in carbon emissions.
Construction Timeline and Implications
Construction of the Arkaden project is set to commence in spring 2025, with completion expected by the second quarter of 2027. Skanska also highlighted that the construction contract, valued at around SEK 340 million, will contribute positively to the order bookings for Skanska Sweden. This demonstrates the company’s ongoing commitment to developing high-quality residential projects that align with modern living requirements.
Future Vision and Sustainable Development
Skanska remains focused on enhancing the quality of life through sustainable practices. The project adheres to the Swedish National Board of Housing, Building and Planning's climate declarations, assuring that it meets rigorous environmental standards. As the real estate sector increasingly embraces eco-friendly solutions, initiatives like Arkaden underscore Skanska’s commitment to addressing climate change through responsible development.
Contact Information
If you wish to learn more about the Arkaden project or have any inquiries regarding the deal, please reach out to Olof Rundgren, Media Relations Manager at Skanska, at +46 (0)10 448 67 94.
Frequently Asked Questions
What is the Arkaden project?
The Arkaden project is a rental residential development that includes 139 apartments and additional retail space, designed for modern living.
Who purchased the Arkaden project?
LF Skåne Hyresfastigheter acquired the Arkaden project from Skanska for about SEK 520 million.
What are the sustainability features of the Arkaden project?
The project aims for over 20% improved energy efficiency and will meet the energy class B standards, contributing to reduced carbon emissions.
When will construction begin and end?
Construction is scheduled to start in spring 2025 and is expected to be completed in the second quarter of 2027.
Who can I contact for more information?
For further inquiries, contact Olof Rundgren, Media Relations Manager at Skanska.
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