Skanska renovates shopping mall in Philadelphia, USA, for USD 61M

Press release 12/19/2016 2:30 AM EST

Skanska has, together with its joint venture partner Shoemaker Construction Company, signed a contract with Pennsylvania Real Estate Investment Trust and Macerich to complete renovations of The Gallery shopping mall in Philadelphia, USA. The total contract is worth USD 126M. Skanska USA Building will include its share of the contract worth USD 61M, in the order bookings for the fourth quarter 2016.

The work at the 1,000,000 square foot shopping mall includes selective structural demolition; new structural and architectural construction; modifications and additions to the MEP and fire protection systems; replacement of all common area floor finishes, ceilings and lighting, neutral columns and storefront bulkheads and related core and shell work; as well as extensive work to the exterior facades including digital signage.

Construction will begin in the fourth quarter of 2016 and is scheduled to be complete by August 2018.