Skanska in $248M deal to revamp corporate campus

ConDig (07-Jul-21).  Swedish developer and contractor Skanska said it had signed a $248 million contract to upgrade an existing corporate campus in Long Island, New York.

Work on the contract is stated to start in June this year and is scheduled for completion in February 2026.

It comes as Skanska unveiled earlier this week that it had inked a $448 million deal with the New York City Economic Development Corporation (NYCEDC) to build a municipal health lab in Harlem, New York.

The contract includes the construction of a ten-story municipal health lab on the Harlem Hospital Campus. The project will feature a 21,800 square meters of new construction including offices, laboratories and clinical facilities. The lower portion of the new building will include a lobby, auditorium, walk-in testing center and several support areas.

The site is being prepared and graded, and three existing buildings will be demolished to make room for the new structure. 

Construction is slated to kick off in early summer 2022 and is set for completion in the second quarter 2026.

Last week, the company said it had sold off its US multi-discipline design firm PCI Skanska Inc (PCIS) for $20 million.

In May, Skanska made a record investment in its biggest office development project in Bellevue, Washington. It plans to develop and build a 25-story, 50,300 square meter office tower called The Eight for an investment value of $476 million. 

In April, a joint venture led by Skanska landed a $308 million contract for a Signia by Hilton hotel in Atlanta, Georgia.

Skanska secured a $73 million contract for a multi-purpose event center in Clarksville, Tennessee, also in April.

In December, Skanska bagged two contracts in Georgia and Florida worth a total of $120 million. It also signed an additional $80 million contract to expand Portland International Airport, Oregon.

In October, Skanska secured a $91 million contract to upgrade an aluminum processing facility in the Southeast of the US.

In September, Skanska secured a $64 million contract to build a data center in Oregon. It also bagged a $106 million deal last month for the 95 Northbound viaduct replacement in Providence, Rhode Island.

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