Skanska invests about SEK 1 billion in a new office building at Solna Station, Arenastaden, Sweden

Rhea-AI Summary

Skanska has announced a significant investment of approximately SEK 1 billion in the first phase of the Solna Link office complex at Solna Station, Arenastaden, Sweden. The construction contract, valued at SEK 480M, will be included in Q1 2025 order bookings.

The initial phase features a nine-storey office building with 16,000 square meters of leasable area. The complete Solna Link project will span 36,000 square meters and include amenities such as a gym, conference rooms, lounge, restaurant, café, and bicycle service.

The development aims to achieve LEED Platinum certification and is pre-certified for NollCo2 and WELL Gold standards. Construction will commence in March 2025, with completion scheduled for Q1 2027. The project benefits from excellent transportation connectivity and will be enhanced by a new subway line opening in 2028.

Positive

• SEK 1B investment in prime location office development
• SEK 480M construction contract added to Q1 2025 order books
• 36,000 sq m total development expanding portfolio
• Strategic location near major transport hub
• High-level sustainability certifications (LEED Platinum, WELL Gold)

Negative

• Large capital commitment in single project
• Two-year construction period before revenue generation
• Exposure to commercial real estate market fluctuations

STOCKHOLM, March 6, 2025 /PRNewswire/ -- Skanska is investing about SEK 1 billion in the first phase of the office complex Solna Link at Solna Station in Arenastaden, Sweden. The construction contract is worth about SEK 480M, which will be included in the order bookings for Sweden for the first quarter 2025.

The first phase of the nine-storey office building will have a leasable area of approximately 16,000 square meters. The entire Solna Link, located along the tracks at Solna Station, will encompass about 36,000 square meters. In addition to office space, the ground floor will house a gym, conference rooms, lounge, restaurant, café, and bicycle service. Just a few minutes from Solna Link is Westfield Mall of Scandinavia with shops, restaurants, and all other types of services.

The project will be LEED certified with the ambition to achieve Platinum level, and it is also pre-certified according to NollCo2 and WELL Gold.

Construction work is set to begin in March 2025 and the office building is planned for completion in the first quarter of 2027.

The area around Solna Station is under constant development, with new companies continuing to establish themselves. As Solna Station grows as a public transport hub, a new subway line is scheduled to open in 2028. There are also good connections for buses, trams, commuter trains, subways, cars, and bicycles. Solna Link will be built adjacent to Skanska's project Solna United, which was completed in 2020.

For further information please contact:

Jacob Birkeland,
Head of Media Relations & Public Affairs,
Skanska Group, 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 at www.skanska.com. 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-invests-about-sek-1-billion-in-a-new-office-building-at-solna-station--arenastaden--sweden,c4115078

The following files are available for download:

https://mb.cision.com/Main/95/4115078/3303827.pdf	20250306 SE investment Solna Link
https://news.cision.com/skanska/i/image-1---solna-link,c3384262	Image 1 - Solna Link
https://news.cision.com/skanska/i/image-2---solna-link,c3384261	Image 2 - Solna Link

 

 

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SOURCE Skanska

FAQ

What is the total investment value of Skanska's (SKBSY) Solna Link project?

Skanska is investing SEK 1 billion in the first phase of the Solna Link office complex.

When will Skanska's (SKBSY) Solna Link office building be completed?

The office building is planned for completion in the first quarter of 2027.

What sustainability certifications will Skanska's (SKBSY) Solna Link project achieve?

The project aims for LEED Platinum certification and is pre-certified for NollCo2 and WELL Gold standards.

How large is the leasable area in Skanska's (SKBSY) Solna Link development?

The first phase will have 16,000 square meters of leasable area, with the entire complex reaching 36,000 square meters.

What amenities will be included in Skanska's (SKBSY) Solna Link office building?

The ground floor will feature a gym, conference rooms, lounge, restaurant, café, and bicycle service.