Skanska has signed a contract with the City of Helsinki to build new apartments in Helsinki, Finland. The contract is worth EUR 50M, about SEK 560M, which will be included in the Nordic order bookings for the first quarter of 2023.

The project consists of three buildings that are nine to fifteen storeys high, totaling 17,600 square meters of residential space. There are 212 apartments and four commercial premises. The buildings will represent the highest energy efficiency class and include rooftop solar panels that will help generate some of the electricity used by the property.

Construction is planned to start in the second quarter of 2023 and be completed in the beginning of 2026.