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Skanska AB ( ($SE:SKA.B) ) has provided an update.
Skanska is investing NOK 244 million (approximately SEK 230 million) in the first phase of the Lillebytunet residential project in Trondheim, Norway, which comprises two apartment buildings with a total of 51 units. This marks the first development to move into construction from the portfolio acquired from Nordr in September 2025 and initiates the final stage of the broader transformation of Trondheim’s Lilleby district, with construction scheduled to start in the first quarter of 2026 and completion expected in the first quarter of 2028, underscoring Skanska’s continued expansion in Nordic residential development and its role in long-term urban renewal projects.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK266.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
More about Skanska AB
Skanska is one of the world’s largest construction and project development companies, generating SEK 177 billion in revenue in 2024. Operating in selected markets across the Nordics, Europe and the US, the group focuses on creating innovative, sustainable buildings and infrastructure that support modern, healthy living, drawing on the expertise of about 26,300 employees.
YTD Price Performance: 11.96%
Average Trading Volume: 760,054
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK102.9B
See more insights into SKA.B stock on TipRanks’ Stock Analysis page.