Skanska renovates residential towers in Philadelphia, USA, for USD 49 M, about SEK 340 M

Press release 1/16/2015 8:25 AM EST

Skanska has signed a contract with a confidential client to renovate a residential apartment tower in Philadelphia. The contract value is USD 49 M, about SEK 340 M, which is included in order bookings for Skanska USA Building for the fourth quarter of 2014. 

Skanska will upgrade one of four residential towers containing 239 apartment homes as well as approximately 2,600 square meters of retail and amenity space. The scope includes the complete renovation of 239 apartment homes; replacement and upgrade of the plumbing, electrical and fire protection systems; repairs to the building’s entrance and underground parking garage; and substantial enhancements to resident amenities, including the pool area, retail spaces and landscaping.