Skanska invests USD 296M, about SEK 3 billion, in a multi-family development project in Seattle, Washington, USA

STOCKHOLM, Nov. 23, 2022 /PRNewswire/ -- Skanska invests in Kaye, a multi-family development project in Seattle, Washington, USA. The total investm...

November 25, 2022
7:06 AM

STOCKHOLM, Nov. 23, 2022 /PRNewswire/ -- Skanska invests in Kaye, a multi-family development project in Seattle, Washington, USA. The total investment is USD 296M, about SEK 3 billion. The construction contract is worth USD 190M, about SEK 1.9 billion, 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. The project will feature underground parking and a ground floor with mixed-use space, and retail space.

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