SKBSY - Skanska invests USD 296M about SEK 3 billion in a multi-family development project in Seattle Washington USA

PR Newswire

STOCKHOLM , Nov. 23, 2022 /PRNewswire/ -- Skanska invests in Kaye, a multi-family development project in Seattle, Washington , USA. The total investment is USD 296M , about SEK 3 billion . The construction contract is worth USD 190M , about SEK 1.9 billion , which will be included in the US order bookings for the fourth quarter 2022.

Skanska will develop and build a 31-story, 324-unit Class A apartment building in Belltown, Seattle . The project will feature underground parking and a ground floor with mixed-use space, and retail space.

The Project is targeting LEED Gold, Fitwel, and WiredScore certifications.

Construction starts in December 2022 , and completion is scheduled for the second quarter 2025.

For further information please contact:

Alicia Jones , Director Communications, Skanska USA , tel + 1 703 835 2762
Jacob Birkeland , Head of Media Relations and Public Affairs, 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 .

The following files are available for download:

SOURCE Skanska