Skanska makes land investment in Boston, USA, for USD 36 M, about SEK 234 M

Skanska USA Commercial Development has acquired Parcel L2 in South Boston’s

Innovation District with plans to develop a 40,000-square-meter office tower.

The total investment amounts to USD 36 M, about SEK 234 M.

Parcel L2 is situated immediately adjacent to the office tower 101 Seaport and

steps away from Parcel K, with a prospective residential tower with retail

space. All three locations are within a five minute walk from Boston’s Financial

District, the Boston Convention and Exhibition Center and all major commuter

lines as well as access to interstates for easy access to Logan International

Airport.

Skanska USA is one of the leading development and construction companies in the

country, consisting of four business units: Skanska USA Building, which

specializes in building construction; Skanska USA Civil, specialized in civil

infrastructure; Skanska Infrastructure Development, which develops public

-private partnerships; and Skanska Commercial Development, which develops

commercial projects in select U.S. markets. Headquartered in New York, Skanska

USA has approximately 8,300 employees and its 2012 revenues were SEK 37.3

billion.