Construction firm Skanska has signed an agreement with Specialfastigheter Sverige for the expansion of the Hall correctional facility in Södertälje. The contract is valued at $77m, which will be included in the order bookings for Sweden in the second quarter of 2026, according to a press release.
Skanska has been engaged in preparatory work for the now-finalized agreement since the spring of 2025. In its entirety, the construction project includes the new production of three buildings, auxiliary structures, as well as ground and foundation work. Including previously invoiced work, the total project value for Skanska amounts to $84.6m.
Skanska AB is one of the world's leading building and public works group. Net sales break down by activity as follows:
- construction of buildings and infrastructures (90.5%): housing, schools, hospitals, offices, businesses, industrial sites, stadiums, jails, bridges, etc.;
- real estate development (9.3%): residential properties (50% of net sales) and commercial properties (50%; offices, shopping centers and logistics platforms);
- investment properties (0.2%).
Net sales are distributed geographically as follows: Sweden (18.5%), the United States (48.3%), Norway (13%), the United Kingdom (9.6%) and other (10.6%).
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