Skanska secures building contracts worth $275m in US

9 October 2014 (Last Updated October 9th, 2014 18:30)

Construction firm Skanska has secured contracts worth $275m in the US to develop buildings and provide commercial interiors.

Construction firm Skanska has secured contracts worth $275m in the US to develop buildings and provide commercial interiors.

Among the deals are two additional contracts worth a total of $183m and a new contract worth $92m.

Under the additional contracts, Skanska will construct a research and development (R&D) facility in the US for $136m and will provide commercial interiors for an existing office building in the Seaport District in Boston for $47m. The R&D facility is being built by Skanska USA in collaboration with a joint venture partner.

"Skanska will construct a research and development facility in the US for $136m and will provide commercial interiors for an existing office building in the Seaport District in Boston."

Skanska's deal to provide interiors for the 17-storey office building is expected to be completed in the fourth quarter of 2015. The office building uses ground floor for retail stores and is targeting LEED Gold certification.

Skanska has also secured a contract from an undisclosed client to build a 28,000m², class-A office building in Boston, US. The company has already begun construction on the building, which is expected to be completed in the third quarter of 2016.

All the three contracts will be included in the order bookings for Skanska USA Building in the third quarter of the year, claims the company.

The latest agreements come a month after Skanska announced an investment of $108m in the development of West Memorial Place II, a class-A office building in Houston's Energy Corridor in the US.