Skanska has sold the third plot of its UK residential development land bank for €10.1 mln, to Kersfield Developments Limited. The transaction is recorded in the fourth quarter of 2014.
The site is in the city of Bath and is sold with planning permission for 39 homes. The land sale follows Skanska’s decision to focus its UK business on other investments, such as infrastructure and commercial developments.
Skanska UK reported revenues of about €1.3 bln in 2013. It has around 5,200 employees. The company is active in building and civil construction, utilities and building services, as well as facilities management and commercial development. In the UK, Skanska is a leader in public private partnerships, PPPs, also known as Privately Financed Initiatives, PFIs.