Press release

Skanska invests EUR 36M, about SEK 370M in a residential development project in Oulu, Finland

Skanska invests EUR 36M, about SEK 370M in a residential development project in Oulu, Finland. The building will be 16-storeys high and consists of 94 apartments.

Image 20211008 FI residential development Oulu

The aim for the project is to receive a RTS Environmental Classification. Solar panels on the rooftop will help generate some of the electricity used by the property and parking places will be equipped to accommodate charging electric cars. There will also be excellent storage and maintenance facilities to encourage biking all year round.

Construction started in August 2021 and it is expected to be completed during the third quarter 2023.

Skanska is one of the leading construction- and project development 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 66 billion and about 14,800 employees in its Nordic operations during 2020.

For further information please contact:

Pilvimaari Heikkinen, Communications Manager, Skanska Finland, tel +358 40 519 4787

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found atwww.skanska.com.

Media Relations contacts

Are you a journalist looking for information about Skanska or have questions about our operations? Our Media Relations team can help with press inquiries, interviews, background information and access to relevant resources.

A man in a dark suit and white shirt stands against a plain white background.

Jacob Birkeland

Head of Media Relations & Public Affairs

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Andreas Joons

Media Relations Manager

Olof Rundgren

Olof Rundgren

Media Relations Manager

A man in a dark suit and white shirt stands against a plain white background.

Jacob Birkeland

Head of Media Relations & Public Affairs

Bald man wearing a black shirt and blazer against a white background.

Andreas Joons

Media Relations Manager

Olof Rundgren

Olof Rundgren

Media Relations Manager

Skanska invests EUR 36M, about SEK 370M in a residential development project in Oulu, Finland