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June 29, 2022

Skanska makes $41m investment in Czech housing project

The project targets a BREEAM rating through the use of green features such as recycled building materials and solar energy.

Swedish construction company Skanska has announced an investment of approximately $40.61m (Skr410m) in phase one of a new residential development project in Prague, Czech Republic.

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The first phase of the Modransky cukrovar project will include 112 housing units and seven commercial premises.

Planned to be developed in six phases, the project will feature a total of 797 housing units.

It targets a BREEAM rating through the use of green features such as recycled building materials and solar energy.

It will also include a linear park, pedestrian zone, and a new central square.

The project is also said to be equipped to help residents use renewable water and energy resources efficiently.

Skanska said: “The complex has an extensive application of green roofs and greenery in the form of hundreds of solitary trees, orchards, [and] meadows.

“It is designed to save up to 47% of the drinking water through blue-green-grey infrastructure, which refers to the integration of functions within stormwater management.”

Construction work on the first phase of the project begins this month, with completion expected at the end of 2024.

The company was also recently awarded a contract to build out the interior of a new data centre, H3, in Hillsboro, Oregon, US.

The company’s scope of work under the contract involves the build-out of approximately 11,200m² of the 18MW data centre hall.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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