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Skanska AB ( ($SE:SKA.B) ) has provided an announcement.
Skanska is expanding its presence in central Stockholm with a SEK 1.3 billion investment in the Tegelbruket 4 property on Kungsholmen, acquired from Region Stockholm, to develop a mixed-use neighborhood combining residential, office and commercial space with green areas. The project will deliver about 240 tenant-owned apartments, two residential blocks with underground garages, an approximately 6,200-square-meter office building and 1,500 square meters of street-level retail, while preserving existing historic buildings and creating parks and squares aimed at enhancing urban vibrancy and biodiversity, with preparatory work beginning shortly and completion targeted by 2032.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK294.00 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 Group is one of the world’s largest construction and project development companies, generating SEK 177 billion in revenue in 2024. Operating across select markets in the Nordics, Europe and the US, the company focuses on large-scale, innovative and sustainable building and infrastructure projects that shape how people live, work and connect, leveraging the expertise of roughly 26,300 employees.
Average Trading Volume: 762,093
Technical Sentiment Signal: Buy
Current Market Cap: SEK111.5B
For an in-depth examination of SKA.B stock, go to TipRanks’ Overview page.