Skanska clinches Swedish multifamily sale for €145m

The deal involves projects in Malmö, Lund, Helsingborg and Ängelholm that are being developed and constructed by Skanska Sweden. The portfolio includes a range of residential formats, from townhouse-style condominiums to eight-storey buildings totalling approximately 600 apartments.

Skanska said that all the projects were being developed with a strong focus on sustainability and a minimal environmental impact.

The project in Malmö, Västra hamnen, will feature 65 units and a range of social impact initiatives including internships for job seekers, a school partnership and collaboration with the local cooperative, Yalla Trappan, which finds work for female immigrants. Construction is ongoing and occupancy is scheduled for the second quarter of 2021. In the same block, Skanska is also developing co-ops, a geriatric care home and a pre-school.

In southern Helsingborg, 51 rental units are being constructed between the sea and the city, next to a geriatric care home Skanska divested to Folksam this summer. In northern Ängelholm, 32 town house units are being built to complement projects previously developed by Skanska – BoKlok, geriatric care homes and single-family homes. In southern Ängelholm, 110 apartments will mark the start of a new neighbourhood close to the city centre and the railway station, the firm said. Construction starts in autumn 2020 with completion slated for 2022.

In Lund, 358 rental units, as well as some commercial premises and a parking garage, are being built close to Ideon and the R&D facilities at ESS, Brunnshög. The rental units will be Sweden Green Building Council (SGBC) certified with a Silver rating. Construction is scheduled to start towards the end of the year with occupancy gradually scheduled between 2022 and early 2024.

According to Skanska, the handover will take place gradually from the second quarter of 2021 through to early 2024.