Skanska Disposes of $29M Swedish Nursing Facility

The project comprises a retirement home with 72 apartments on five floors. The facility is scheduled for completion by spring 2019.

Hi-res image 171023 divestment GbgSkanska sold a nursing home under construction in Gothenburg, Sweden for about $29 million to Northern Horizon. Ambea will become the tenant of the facility when completed in spring 2019.

The project comprises a retirement home with 72 apartments on five floors located in the center of Angered, Gothenburg. The 57,000-square-foot nursing home has been developed by Skanska in cooperation with Ambea and is the first phase in a major investment in new housing in the district. Skanska will also build apartments in the area managed by BoKlok. The project will aim for LEED Gold certification and is currently under construction. 

Skanska has operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential and commercial property projects in select home markets.

Image courtesy of Skanska