{"id":393363,"date":"2020-12-04T03:24:12","date_gmt":"2020-12-04T08:24:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393363"},"modified":"2020-12-04T03:24:12","modified_gmt":"2020-12-04T08:24:12","slug":"skanska-invests-in-land-in-massachusetts-usa-for-usd-177m-about-sek-1-5-billion","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/skanska-invests-in-land-in-massachusetts-usa-for-usd-177m-about-sek-1-5-billion\/","title":{"rendered":"Skanska invests in land in Massachusetts, USA, for USD 177M, about SEK 1.5 billion"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\u00d6STERSUND, Sweden<\/span>, Dec. 4, 2020<\/span> \/PRNewswire\/ — Skanska has acquired about 2,787 square meters of land in Boston, Massachusetts<\/span>. The seller is John Hancock Life Insurance Company. The land acquisition amounts to USD 177M<\/span>, about SEK 1.5 billion<\/span>.<\/b><\/p>\n

Located at 380 Stuart Street in the Back Bay neighborhood of Boston<\/span>, Skanska plans to develop a 27-story, about 58,000 square meter, Class-A office building with ground-floor retail and below-ground parking. The project will target LEED\u00ae Platinum, Fitwell, and WiredScore certifications.<\/p>\n

The development site is in the center of the city’s commuter hub, with close proximity to the Boston Public Garden, Boston Common, and the trendy shopping district of Newbury Street. This acquisition marks Skanska’s seventh commercial venture in Greater Boston<\/span>, and one of the few remaining opportunities for a new, ground-up development in Back Bay.<\/p>\n

Since 2009, Skanska USA<\/span> Commercial Development has invested more than USD 2 billion<\/span> in office and multi-family projects, and has developed office headquarters for tenants including, Waste Management, Bank of America, Brooks Sports<\/span>, PricewaterhouseCoopers and Tommy Bahama<\/span>.<\/p>\n

Skanska is one of the leading construction and development companies in USA, specializing in building construction, civil infrastructure and developing commercial properties in select U.S. markets. Skanska USA<\/span> had sales of SEK 74 billion<\/span> and about 7,900 employees in its operations in 2019.<\/p>\n

\n For further information please contact:
<\/b>
\n Alicia Jones<\/span>
\n
Director – Communications
Skanska USA<\/span>
tel + 1 703 835 2762 <\/p>\n

\n Olof Rundgren<\/span>
\n
Media Relations Manager
Skanska AB
tel + 46 (0)10 448 67 94<\/p>\n

Direct line for media, tel +46 (0)10 448 88 99<\/p>\n

\n This and previous releases can also be found at <\/i>
\n
\n www.skanska.com<\/i>
\n <\/a>.<\/p>\n

This information was brought to you by Cision http:\/\/news.cision.com<\/a><\/p>\n

\n https:\/\/news.cision.com\/skanska\/r\/skanska-invests-in-land-in-massachusetts–usa–for-usd-177m–about-sek-1-5-billion,c3248992<\/a>\n <\/p>\n

The following files are available for download:<\/p>\n

\n\n\n
\n

\n
\n https:\/\/mb.cision.com\/Main\/95\/3248992\/1344065.pdf<\/a>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 20201204 US land Massachusetts<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/skanska-invests-in-land-in-massachusetts-usa-for-usd-177m-about-sek-1-5-billion-301186400.html<\/a><\/p>\n

SOURCE Cision AB<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire \u00d6STERSUND, Sweden, Dec. 4, 2020 \/PRNewswire\/ — Skanska has acquired about 2,787 square meters of land in Boston, Massachusetts. The seller is John Hancock Life Insurance Company. The land acquisition amounts to USD 177M, about SEK 1.5 billion. Located at 380 Stuart Street in the Back Bay neighborhood of Boston, Skanska plans to develop a 27-story, about 58,000 square meter, Class-A office building with ground-floor retail and below-ground parking. The project will target LEED\u00ae Platinum, Fitwell, and WiredScore certifications. The development site is in the center of the city’s commuter hub, with close proximity to the Boston Public Garden, Boston Common, and the trendy shopping district of Newbury Street. This acquisition marks Skanska’s seventh commercial venture in Greater … <\/p>\n

Continue reading “Skanska invests in land in Massachusetts, USA, for USD 177M, about SEK 1.5 billion”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393363","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSkanska invests in land in Massachusetts, USA, for USD 177M, about SEK 1.5 billion - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/skanska-invests-in-land-in-massachusetts-usa-for-usd-177m-about-sek-1-5-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Skanska invests in land in Massachusetts, USA, for USD 177M, about SEK 1.5 billion - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire \u00d6STERSUND, Sweden, Dec. 4, 2020 \/PRNewswire\/ — Skanska has acquired about 2,787 square meters of land in Boston, Massachusetts. The seller is John Hancock Life Insurance Company. The land acquisition amounts to USD 177M, about SEK 1.5 billion. Located at 380 Stuart Street in the Back Bay neighborhood of Boston, Skanska plans to develop a 27-story, about 58,000 square meter, Class-A office building with ground-floor retail and below-ground parking. The project will target LEED\u00ae Platinum, Fitwell, and WiredScore certifications. The development site is in the center of the city’s commuter hub, with close proximity to the Boston Public Garden, Boston Common, and the trendy shopping district of Newbury Street. 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