Washington, D.C
Skanska spends $30m to buy 3,000 sq m of prime real estate in Washington, DC – Global Construction Review
Swedish contractor Skanska has invested $30m to buy 0.3ha of land in Washington, DC, from actual property firm Brandywine Realty Belief.
Skanska’s acquisition is at 25 M Avenue Southeast, a couple of kilometre south of the Capitol, and one of many few remaining plots within the Capital Riverfront space. It’s the firm’s tenth industrial enterprise within the Larger Washington space.
A press launch states that since 2009, Skanska USA’s industrial growth arm has invested $3bn in 1 million sq m of initiatives.