Skanska has sold a portfolio of five multifamily projects in Skåne, Sweden, for a total of approximately SEK 1.5 billion ($170 million). The investor is KPA Pension. The transaction will be recognized by Skanska Sweden in the business stream residential development in the third quarter of 2020.
The transaction relates to projects in Malmö, Lund, Helsingborg and Ängelholm that are being developed and constructed by Skanska Sweden. The portfolio includes a range of products, from townhouse-style condominiums to buildings eight stories tall totaling approximately 600 apartments. All projects are being developed with a strong focus on sustainability and a minimal environmental impact, where tenants will be able to maintain a sustainable lifestyle.
The project in Malmö, Västra hamnen, will have 65 units and a wide range of social impact initiatives including: internships for job seekers; a school partnership; and collaboration with the local cooperative, Yalla Trappan,
