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SKBSY - Skanska invests $177M in land in Massachusetts USA
Skanska AB ADR
Skanska (SKBSY) has acquired about 2,787 square meters of land in Boston, Massachusetts from John Hancock Life Insurance Company for $177M (SEK1.5B). Skanska plans to develop a 27-story, about 58,000 square meter, Class-A office building with ground-floor retail and below-ground parking, targetting LEED Platinum, Fitwell, and WiredScore certifications. This acquisition marks Skanska's seventh commercial venture in Greater Boston.