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January 27, 2016

Skanska wins contract for Finnish shopping centre project

Swedish developer Skanska has won a Skr480m (€57m) contract from LähiTapiola Group for construction of a two-storey shopping centre in Finland.

Seppa Exterior

Swedish developer Skanska has won a Skr480m (€57m) contract from LähiTapiola Group for construction of a two-storey shopping centre in Finland.

Planned to be developed in the city of Jyväskylä, the Seppä shopping centre will feature around 24,000m² of rentable space.

The developer is expected to allot spaces for a wide variety of shops as a part of the centre, which will include stores focusing on fashion, sports and leisure.

Construction works for the project will also include spaces for a wide variety of restaurants and are expected to start immediately.

Parking spaces for around 600 cars and 110 bicycles will be developed at the underground floor of the shopping centre.

"Planned to be developed in the city of Jyväskylä, the Seppä shopping centre will feature around 24,000m² of rentable space."

The local subsidiary unit, Skanska Finland, is expected to complete the project by September next year.

Earlier this month, Skanska has won development and refurbishment contracts at Linnaeus University in Kalmar, Sweden.

In November last year, the developer had divested one of its office properties, Green Court, in Bucharest, Romania to Globalworth Real Estate Investments for nearly Skr440m (€47m).


Image: Computer-generated imagery of Seppä shopping center exterior. Photo: courtesy of Skanska.

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