Skanska to build two shopping malls in USA, total order in excess of USD 200M.STOCKHOLM, Sweden--(BUSINESS WIRE)--May 17, 1999--Skanska's USA subsidiary Sordoni Skanska has been awarded contracts to build two shopping malls in the US, corresponding to a total order value in excess of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 200 M, or approximately SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.7 billion. The customer is Taubman Centers Taubman Centers is an owner of United States upscale regional malls and has headquarters in Bloomfield Hills, Michigan. The Taubman Asia subsidiary is headquartered in Hong Kong. Taubman was founded in 1950 by real estate pioneer A. Alfred Taubman. , Inc. a real estate investment trust, which owns, develops and operates urban and suburban regional shopping centers. As of March 1999, Skanska USA had an order backlog of approximately SEK 48 billion, an increase of about 48 % during the past 12 months. Sordoni Skanska, which is part of Skanska USA, reported sales in 1998 of USD 1,1 billion, about SEK 8 billion. The two shopping centers are located in Plano, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S. , near Dallas, and in Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation). Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6. . The first contract is for The Shops at Willow Bend in Plano, Texas. Encompassing about 150,000 sq. m., the mall will feature five large department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. including Nieman Marcus, Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New , Lord & Taylor, Foley's and Dillard's. It will house about 200 specialty shops, restaurants and service facilities. Two of the mall's department stores are scheduled to open already in autumn 2000, while the others will be completed in stages between 2001 and 2004. International Plaza International Plaza may refer to:
These new projects are the seventh and eighth which Sordoni Skanska is carrying out for the same customer, Taubman Centers, Inc. Taubman's MacArthur Center in Norfolk, Virginia, was recently completed and last autumn, Great Lakes Crossing, a value center in Auburn Hills, near Detroit, Michigan, was inaugurated. The projects, each involving about 170,000 sq. m., were valued at a total of about USD 250 M, or about SEK 2 billion. The scheduled construction time for Great Lakes Crossing, was shortened by three months as requested by the customer. "Throughout the entire construction project, the construction team took painstaking care to perform construction operations, " stated Mike Moukalian, construction director for Taubman Company. Hundreds of hours were spent on scheduling and planning by Taubman Company and Sordoni Skanska before construction started. This proactive team approach was critical to the success of the project, and set an impressive standard for future projects." This and previous press releases are also available on www.skanska.com |
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