Skanska invests €175m in Gothenburg scheme

Global construction and project development firm Skanska has inked a deal to build office project Citygate in Gothenburg, Sweden, representing a total investment of SEK 1.8 bn (€175 mln).

According to the Nordic firm, the construction contract is worth about SEK 1.5 bn.

Citygate will have 36 floors, equivalent to 144 metres in height, making it the tallest office building in the Nordic region. It will have a leaseable area of approximately 42,000 m2.

The office building will be WELL and LEED certified. Skanska said the scheme would also take extensive social responsibility to counteract exclusion and promote employment in the city of Gothenburg.

Citygate is being developed together with Danish architectural office Henning Larsen Architects. The project starts in December this year and will be completed in March 2022.

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