Development Giant Skanska Secures $62M for Finnish Shopping Center

Skanska is ready to break ground on a new retail center in Finland, scheduled for delivery in the fall of 2017.

By Bogdan Odagescu, Associate Editor

Rendering of the Seppä shopping center, Jyväskylä, Finland
Rendering of the Seppä shopping center, Jyväskylä, Finland

Jyväskylä, Finland—Multinational giant Skanska announced it has reached an agreement with Finnish investor LocalTapiola Group for the development of a large shopping center in Northeast Jyväskylä, Finland. The secured contract is valued at approximately $62 million.

The construction of the two-story Seppä shopping center will start immediately and is due for completion by September 2017. The center will consist of more than 250,000 square feet of rentable space, with a focus on fashion, sports and leisure retailers. The development will also offer a plethora of food and beverage options, plus a dedicated underground parking garage with a capacity of 600 cars and 110 bicycles.

Skanska is one of the world’s largest project development and construction groups. The company is now headquartered in Stockholm and operates in the U.S., U.K., Scandinavia, and Central and Eastern Europe. The United States is Skanska’s largest market, with offices in 34 metropolitan areas.

Some of the company’s most iconic projects include London’s 30 St Mary Axe (aka The Gherkin), the MetLife Stadium, and the ongoing World Trade Center Transportation Hub in Lower Manhattan.

Rendering courtesy of Skanska