Skanska adds large residential development to Copenhagen portfolio

Skanska has reportedly invested DKK 560 million (over €75 million) in a residential project in Ørestad City in Copenhagen, Denmark.

The project consists of 300 rental apartments, ranging from 57 to 132m² and a 1,200m² convenience store.

The execution of the project will be in cooperation with the management contractor Sjælsø Management. Construction is scheduled to start in May 2016 and completion is scheduled for the second quarter 2018.

Skanska has reported over 900 rental apartments under construction in Copenhagen, of which 600 are sold.