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Skanska Secures Major Lease for 17xM Office in D.C.

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Skanska Secures Major Lease for 17xM Office in D.C.

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The latest announcement is out from Skanska AB ( ($SE:SKA.B) ).

Skanska has secured a 14-year lease for its 17xM office building in Washington, D.C., leasing 81% of the space. This deal highlights the building’s leasing momentum and includes a future tenant, the award-winning restaurant Uchi, enhancing the building’s appeal with its premium amenities. This development strengthens Skanska’s position in the competitive D.C. market, showcasing its commitment to sustainable and innovative office spaces.

The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 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, with a 2024 revenue of SEK 177 billion. Operating across the Nordics, Europe, and the USA, Skanska focuses on creating innovative and sustainable solutions that support healthy living. The company leverages its expertise and foresight to shape the way people live, work, and connect, employing approximately 26,300 people.

YTD Price Performance: -1.25%

Average Trading Volume: 768,452

Current Market Cap: SEK90.74B

Learn more about SKA.B stock on TipRanks’ Stock Analysis page.

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