Skanska Commercial Development Norway invests about NOK 530 million (approx. €63 million), in office building in Oslo, Norway, in a 50/50 joint venture with Entra named Sundtkvartalet AS. The construction contract is worth about NOK 680 million (approx. €82 million) and will be included in order bookings for Skanska Norway in the second quarter of 2014.
The office building will have a leasable area of about 30,000 m², and have a strong focus on energy efficiency. Skanska Norway AS has signed a lease contract with Sundtkvartalet AS, and will move into the new office building, as one of several tenants, when it is completed.
Construction will start in October 2014, with completion scheduled for early 2017.