Skanska Secures Major Contract for Botanic Place Development in Cambridge

Skanska AB ( ($SE:SKA.B) ) has provided an announcement.

Skanska has secured a GBP 199 million contract with Railpen to construct Botanic Place, a commercial office development in Cambridge, UK. This project, part of a larger GBP 242 million investment by Railpen, will feature two buildings with 31,000 square meters of workspace and aims to achieve high environmental standards. The development, which includes the restoration of the former Flying Pig pub, is expected to enhance community interaction with its terraces and is scheduled for completion by early 2028.

The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.

More about Skanska AB

Skanska Group is one of the world’s largest construction and project development companies, with a focus on creating innovative and sustainable solutions. Operating across select markets in the Nordics, Europe, and the USA, Skanska leverages its extensive expertise and workforce of approximately 26,300 employees to shape the way people live, work, and connect.

Average Trading Volume: 742,501

Current Market Cap: SEK98.19B

For detailed information about SKA.B stock, go to TipRanks’ Stock Analysis page.