Skanska renovates commercial building in New York City, USA, for USD 48M

Press release 6/26/2017 2:30 AM EST

Skanska has signed a contract with an existing client to renovate and remodel select floors and common areas for a commercial building in New York City, USA. The first phase of this contract is worth USD 48M, about SEK 430M, which will be included in the US order bookings for the second quarter 2017.

Construction is underway with estimated completion in August 2019.

Skanska is one of the leading development and construction companies in USA, specialized in building construction, civil infrastructure and developing commercial properties in select US markets. Skanska also offers services in public-private partnerships. Skanska USA had sales of SEK 59 billion in 2016 and had about 9,300 employees in its operations.