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Skanska signs SEK550m agreement to renovate Stockholm House of Culture & City Theatre in Stockholm.

NORDIC BUSINESS REPORT-February 25, 2019-Skanska signs SEK550m agreement to renovate Stockholm House of Culture & City Theatre in Stockholm

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Skanska AB (STO:SKAB) announced on Friday the signing of an agreement with the city of Stockholm to renovate Stockholm House of Culture & City Theatre in central Stockholm, Sweden.

This contract, worth about SEK550m, will be included by the company in the order bookings for Sweden for the first quarter 2019.

According to Skanska, its assignments under this order include renovation, improvement of the indoor environment and new technical installations in the buildings. Reportedly, this assignment constitutes the second phase of a collaboration that began in the autumn 2018 with preparatory work and the establishment of a timetable and target cost for the project.

Also, the renovation is carried out with high sustainability requirements and the goal is to apply for certification according to Breeam, level Good. The environmental certification system Breeam takes a holistic approach to a building's environmental performance.

The renovation work will begin shortly with the aim for the Stockholm House of Culture & City Theatre to be fully renovated in the summer of 2020.

Skanska is a leading construction and project development company, focused on selected home markets in the Nordic region, Europe and US.

(EUR1.00=SEK10.59)

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Publication:Nordic Business Report
Article Type:Brief article
Date:Feb 25, 2019
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