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10 months ago
BRIEF-Skanska invests $112 mln in US apartment development project
October 6, 2016 / 6:11 AM / 10 months ago

BRIEF-Skanska invests $112 mln in US apartment development project

Oct 6 (Reuters) - Skanska AB

* Skanska is investing USD 112M, about SEK 940M in a new multi-family development in Washington, D.C., USA

* Skanska USA Building is the construction manager and will include a contract worth USD 76M, about SEK 640M, in the order bookings for the third quarter 2016

* Skanska USA Commercial Development is both the developer and owner

* Skanska will begin construction in October 2016 and is scheduled to be completed in fourth quarter of 2018

* project is a part of a three-building, mixed-use development Skanska is currently planning Source text for Eikon: Further company coverage: (Reporting By Anna Ringstrom)

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