Skanska invests 6M in a multi-family development project in Seattle, Washington, USA

Skanska (OTCPK:SKBSY) invests in Kaye, a multi-family development project in Seattle, Washington, USA. The project will feature underground parking...

November 25, 2022
7:06 AM

Skanska (OTCPK:SKBSY) invests in Kaye, a multi-family development project in Seattle, Washington, USA. The project will feature underground parking and a ground floor with mixed-use space, and retail space. The total investment is $296M, about SEK 3B. The construction contract is worth $190M, about SEK 1.9B, which will be included in the US order bookings for the fourth quarter 2022. Skanska will develop and build a 31-story, 324-unit Class A apartment building in Belltown, Seattle. Construction starts in December 2022, and completion is scheduled for the second quarter 2025.

Meghavi Singh