Skanska builds apartments in Helsinki, Finland, for EUR 34M, about SEK 350M

The project encompasses three apartment buildings totalling 170 subsidized apartments in Jätkäsaari district in Helsinki. The buildings will represent the highest energy efficiency class and include rooftop solar panels that will help generate some of the electricity used by the property. In addition, a wastewater heat recovery system will be installed in the tallest of the three buildings.

Skanska will be responsible not only for the construction of the site, but also for its design and technical building installations. The buildings will be built on the same block where Skanska is currently constructing other rental apartments for the City of Helsinki.Skanska has previously built several apartment buildings for the City of Helsinki in the same district.

The project start is planned for December 2020, and the project will be completed in the third quarter of 2023.

Skanska is one of the leading development- and construction companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska had sales of about SEK 70 billion and more than 15,200 employees in its Nordic operations during 2019.