Review of 2010 – USD version - Skanska

Business streams
Green profile for new district
in Malmö
Location: Universitetsholmen, Malmö, Sweden
Area: 61,000 sq. m (656,700 sq. ft.) including
Bassängkajen. Remaining building rights for
115,000 sq. m (1.24 million sq. ft.)
Project developer: Skanska Commercial
Development Nordic
Builder: Skanska Sweden
Ongoing projects: Bassängkajen and the Congress,
Concert and Hotel complex for the City of Malmö
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4
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5
In Malmö, Sweden, Skanska is playing a major role
in creating the new Universitetsholmen (University
Island) district in the city’s inner harbor area.
New, modern, green workplaces are taking
shape. The venerable former harbor is now being
transformed into a vibrant new district, with the new
City Tunnel as a main artery. Citykajen, which was
completed and sold in 2009, practically has its own
entrance to the Copenhagen train. Skanska’s Malmö
office previously occupied the Citykajen site. Today
PWC is among the tenants that have taken over this
highly visible site. New Skanska projects start practically
every year, and 2010 was no exception.
LEED certification of Bassängkajen
During 2010 the second phase of Bassängkajen was
started. It will be completed in 2012. The first phase, to
be completed in the summer of 2011, has been leased
to such tenants as Malmö University and Awapatent.
Bassängkajen is Malmö’s first pre-qualified project
to achieve Platinum, the highest level according to
the LEED international environmental certification
system. The total investment for both phases will be
USD 68 M (SEK 465 M).
A new cultural magnet
The Malmö Congress, Concert, Hotel complex
represents a further step in the development of
Universitetsholmen. The district will now also
become a magnet for cultural events and conferences.
In 2010 Skanska was awarded the contract to
build the Malmö Congress, Concert, Hotel complex
for USD 194 M. It is an example of how Skanska creates
major new project opportunities by using the
Company’s financial synergies, by means of project
development and “Bundled Construction”.
During the year, Skanska sold the Hjälmarekajen
office property for USD 55 M to Executive Property
Svenska AB. Hjälmarekajen was completed in 2006
and 1978 (renovated in 2006). Among the tenants
are KPMG and the White architectural firm.
1 The Court of Appeal – Completed in 2008, sold in 2007
2 Bassängkajen – Office property, phase 1 to be completed in 2011 and phase 2 in 2012
3 Congress/Concert/Hotel – Project start-up in 2011/2012
4 Hjälmarekajen – Office property, completed in 2006, sold in 2010
5 Citykajen – Office property, completed in 2008/2009, sold in 2009
Future projects in Universitetsholmen
Tyfonen – Cultural and office property
Gäddan – Office property and homes
Kaptenen – Office property
Trollhättan – Office property and homes
by the green profile of these projects. The trend is
for investors to prioritize energy-efficient offices
featuring healthy, cheerful work space.
In Universitetsholmen, Skanska is currently developing
about 16,000 sq. m (172,200 sq. ft.) of office space
in Bassängkajen and has previously developed about
45,000 sq. m (484,400 sq. ft.) of offices in the area.
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Illustration
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Green profile
The Skåne and Blekinge Court of Appeal in the
Flundran block, completed in 2008, is another
Skanska-built landmark.
Skanska is responsible for development, investment
and construction. Location and tenants −
the traditional value parameters − are strengthened
48 Commercial Property Development Skanska Review of 2010 – USD version