Skanska has announced a €21m (about SEK 230m) investment in a 50-apartment residential development project in Helsinki, Finland. The energy-efficient scheme features a green roof and aims to achieve the YL Environmental Classification. Construction will begin in the fourth quarter of 2026, with completion scheduled for the second quarter of 2028.
Skanska has signed a contract worth EUR 78 million (around SEK 850M) with Satakunnan hyvinvointialue to construct a new hospital building in Pori, Finland. Spanning approximately 27,100 square metres, the facility will house emergency services, intensive care, cardiology, operating rooms and imaging units. Construction begins in late 2026, with the contract included in Skanska's Nordic order bookings for the fourth quarter.
Scandic Hotels Group and Hilton have signed a multi-year development agreement to expand their footprint across Sweden, Norway, Denmark and Finland. The partnership combines Hilton's international brands with Scandic's regional operational platform. Under the agreement, Scandic will operate a new 284-room Hilton property near Copenhagen Airport, set to open in 2029. Refurbishment plans are also underway for Hilton Helsinki Airport.
Hyundai Engineering & Construction is expanding its European footprint through nuclear partnerships in Finland, Sweden and the Netherlands. Collaborating with Westinghouse and Holtec International, the firm is facilitating large-scale reactors and next-generation Small Modular Reactors. These initiatives align with a regional shift toward fossil fuel-free energy, marked by a successful Helsinki symposium and a new technology agreement with Dutch firm Thorizon for molten salt reactors.
Mandatum and funds advised by Morgan Stanley Real Estate Investing have established a new joint venture to target residential property in Finland. The partnership begins with a seed portfolio of 360 units across seven assets in the Helsinki Metropolitan Area. Four of these properties were previously owned by Mandatum. This move is part of a broader plan to expand through future acquisitions in the capital region.
