Swedish property company Skanska said on Thursday it is to develop the Universitetsholmen office building in central Malmo. The seven-storey asset will comprise a total of 19,000 m[sup]2[/sup] of space built in two stages. In a statement, Skanska said that the construction of the first stage involving 10,000 m[sup]2[/sup] will cost about SEK240 mln (EUR25 mln) and is scheduled to be completed in autumn 2010.

Swedish property company Skanska said on Thursday it is to develop the Universitetsholmen office building in central Malmo. The seven-storey asset will comprise a total of 19,000 m2 of space built in two stages. In a statement, Skanska said that the construction of the first stage involving 10,000 m2 will cost about SEK240 mln (EUR25 mln) and is scheduled to be completed in autumn 2010.

The new property will be one of the first in Malmö to fulfill the requirements for the EU GreenBuilding label. The building's energy consumption will be at least 25% lower than what is specified in the Swedish National Board of Housing, Building and Planning's standard for newly constructed buildings. In January this year, Skanska's office building Hagaporten III in Stockholm, became the first in Sweden to be certified in accordance with the most recent GreenBuilding standard.