The new project involves CentrumKompaniet exercising an option from the first contract signed in 2004. Including the first two phases, Skanska's total assignment for the expansion of Skarholmen Centrum is valued at SEK 1.4 billion.
The new assignment concerns the third stage comprising about 48,000 square meters of retail, storage and public space. The previous phases comprised about 160,000 square meters. Work on the third stage begins in June 2006 and is scheduled for completion in 2008, when the new Skarholmen Centrum opens formally.
The center facility was originally built in the 1960s. The retail floor space is being increased to approximately 90,000 square meters leasable area making Skarholmen Centrum one of the largest shopping centers in the Nordic region.
The approximately 130 existing stores will retain their normal open hours during the construction period. The entire renovation project is part of the Southern Suburbs Vision, a City of Stockholm project to upgrade Stockholm's southern suburbs.
This and previous releases can also be found at www.skanska.com This and previous releases can also be found at www.skanska.com
Skanska is one of the world's leading construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. The Group currently has 54,000 employees in selected home markets in Europe, in the US and Latin America. Sales in 2005 totaled USD 17 billion.
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© 2006 Business Wire
