Swedish contractor opens UK residential development arm with first projects on site early next year
Skanska has opened a UK housing division as part of a global expansion strategy.
The Swedish contractor is launching a UK residential development arm focusing on London and the South-east. Its first projects are due to start on site next year.
Residential development was the area with 鈥渢he best growth potential鈥, it said.
The contractor is also planning to launch a residential operation in Poland.
It said: 鈥淪kanska has long had a large and successful construction operation in the UK.
鈥淭he financial crisis and the dramatic decline in the housing market have now created excellent opportunities for entry as a residential developer.鈥
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