Review of 2010 – USD version - Skanska

Group overview
Major events during 2010
All new contracts worth more than SEK 300 M are announced in the form of press releases from Skanska AB.
The following is a selection of new contracts and other major events that were announced in 2010.
February – May 2010
2/2/2010
Skanska preferred bidder for the Essex
Building Schools for the Future (BSF)
in the UK, within the Private Finance
Initiative (PFI) program
Skanska, through a preferred bidder contract, has
been selected for developing, constructing and
maintaining three schools for Essex County Council,
in the UK. The project will be conducted within the
U.K. program for public private partnerships,
PFI (Private Finance Initiative).
2/11/2010
Skanska divests ongoing
“Flat Iron Building” office project
in Stockholm to Norrporten
Skanska sells its ongoing office project, the Flat Iron
Building, at Norra Bantorget in central Stockholm.
The sales price is SEK 850 M. The buyer is Norrporten
and the transfer will take place in March 2010.
3/11/2010
Skanska to construct oil refinery unit
in Rio de Janeiro, Brazil, for about
USD 250 M
Skanska has been awarded a contract to construct
the first phase of a new refinery for crude oil in
Brazil. The total contract value is USD 623 M, of
which Skanska’s share is 40 percent, corresponding
to about USD 250 M, or about SEK 1.8 billion. The
customer is Petrobras, one of the world’s leading
energy companies and one of Skanska’s repeat
customers.
3/11/2010
Skanska starts second phase of office
project Bassängkajen in Malmö,
investing SEK 215 M
Skanska invests around SEK 215 M in the second
phase of the office project Bassängkajen on
Universitetsholmen in Malmö, Sweden.
4/16/2010
Skanska to develop new offices for
Visma at Lindhagensterrassen –
Skanska to invest approximately
SEK 345 M
Skanska is continuing to develop new premises
for major corporations at Lindhagensterrassen in
Stockholm. The new office property comprises
slightly more than 11,000 square meters and
Skanska’s investment totals about SEK 345 M.
2/18/2010
Skanska sells office property in
Stockholm to Deka Immobilien
Skanska sells its ongoing office project Bylingen on
Ringvägen in the Södermalm district of Stockholm.
The sales price is SEK 576 M. The buyer is Deka
Immobilien GmbH on behalf of its property fund
WestInvest ImmoValue and the transfer is scheduled
for March 2010.
2/22/2010
Skanska to construct office in Norway
for NOK 290 M, approximately
SEK 360 M
Skanska has secured the assignment to construct
an office building in Asker, outside Oslo. The
construction contract totals NOK 290 M, approximately
SEK 360 M. The customer is the Norwegian
industrial and finance company Ferd.
2/25/2010
Skanska sells PPP road in Norway at
profit of SEK 100 M
Skanska has sold its 50-percent share ownership
of the Orkdalsvegen E39 road in Norway, which is
operated as a public-private partnership (PPP). The
sales price amounts to NOK 140 M, approximately
SEK 170 M.
3/17/2010
Skanska to construct World Trade
Center project in New York for
USD 434 M
Skanska, in a joint venture with Granite Construction,
has been awarded a contract to construct the
new PATH station at the site of the World Trade
Center in New York City.
3/24/2010
Skanska to invest SEK 600 M in new
residences in Stockholm
Skanska is to develop and construct 168 apartments
in central Stockholm. The investment will total
SEK 600 M. The planned Iskristallen block in the
Kungsholmen district of Stockholm is expected to
be completed in 2011. The sales process for the
apartments will commence in May.
4/7/2010
Skanska secures two construction
contracts in the U.S. for a total of
USD 160 M
Skanska has secured two construction
management assignments in the U.S. for a total
of USD 160 M, corresponding to SEK 1.2 billion,
which will be included in order bookings for the
first quarter.
4/19/2010
Skanska launches first LEED office
project in Poland – invests about
SEK 210 M in new project
Skanska is developing a new office property with a
strong environmental profile in the city of Wrocław
in western Poland. Skanska’s investment will
amount to approximately EUR 22 M, approximately
SEK 210 M, during the first stage of the
project, which comprises 12,000 square meters of
leasable space and is scheduled for completion at
the end of 2012.
5/3/2010
Skanska awarded concession
agreement for PPP highway in Chile
– construction contract amounts to
USD 250 M
Skanska has been awarded a concession contract
by the Chilean Ministry of Public Works to design,
construct, operate and maintain a toll road in
Antofagasta, Chile. The design and construction
contract is expected to total USD 250 M, approximately
SEK 1.8 billion.
166 Major events during 2010 Skanska Review of 2010 – USD version