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
News Market Reaction – SKBSY
In the trading session that priced this news, SKBSY declined 1.79%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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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
The following files are available for download:
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 |