Skanska Invests 540 Million SEK in Prague Housing Development
Skanska announces a 540 million SEK investment in a housing project in Prague, marking its expansion in Central Europe.
Key Points
- • Skanska invests approximately 540 million SEK in Prague's Modransky cukrovar housing project.
- • This investment is part of the project's third phase.
- • The announcement was made on August 29, 2025.
- • The investment reflects Skanska's commitment to expanding in Central Europe.
Skanska, a leading construction company based in Sweden, has announced a significant investment of approximately 540 million Swedish kronor (SEK) in the third phase of the Modransky cukrovar housing project located in Prague, Czech Republic. This move, revealed on August 29, 2025, underscores Skanska's strategic initiative to enhance its presence in Central Europe’s housing market and contribute to local development efforts.
The investment aligns with Skanska’s broader growth strategy in the region, capitalizing on the rising demand for housing in urban areas. The Modransky cukrovar project is pivotal as it aims to deliver modern residential solutions in the city, following a broader trend of increased investment in construction and real estate by companies looking to expand their portfolios outside of Sweden.