Swedish construction and development giant Skanska has acquired a housing project in Stockholm. The vendor of the Påsen 10 property in Hammarby sjöstad, Stockholm is Swedish listed property firm Fabege.

The property is being sold in the form of a company with an underlying property value of SEK 188 mln (EUR 20 mln). Påsen 10 currently comprises nearly 10,000 m2 of floor space, primarily industrial/warehouse and office premises. Skanska intends to build residential premises on the property.