SKBSY - Skanska divests the office building Two Drydock in Boston USA for USD 234.5M about SEK 2.0 billion

PR Newswire

ÖSTERSUND, Sweden , Dec. 14, 2021 /PRNewswire/ -- Skanska has divested the office building Two Drydock in Boston , USA , for USD 234.5M , about SEK 2.0 billion , to a global investment firm. The transaction will be recorded by Skanska USA Commercial Development in the fourth quarter 2021. The transfer ownership of the property is effective immediately.

Two Drydock is a 13-story, 21,800-square-meter, Class-A, office building developed by Skanska which holds LEED Gold and Fitwel certifications. It features approximately 650 square meters of ground-floor retail, 150 above-ground parking spaces and a 930-square-meter outdoor plaza.

The office tenants of Two Drydock are a diverse group of pioneering companies. Lord Hobo Brewing Company and Render Coffee have entered into agreements to occupy the ground floor retail space, completing Skanska's vision for a dynamic, open-concept lobby experience, adding value for the surrounding community.

Two Drydock, which broke ground in June 2018 , represents Skanska's sixth commercial development in Boston and fourth development in the Seaport. Since 2009, Skanska has invested a total of USD 3.2 billion in commercial and multi-family projects, creating more than 1 million square meters of sustainable and community focused developments in select U.S. markets.

CONTACT:

For further information please contact:

Alicia Jones , Director Communications, Skanska USA , tel + 1 703 835 2762

Andreas Joons , Press Officer, Skanska AB, 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 .

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SOURCE Skanska