Skanska Halts US Commercial Expansion Amid Weak Market Demand

Skanska AB, the renowned Swedish construction conglomerate, is facing a significant slowdown in its U.S. commercial property development ambitions. This decision emerges in response to a notable decrease in demand, primarily due to the lower-than-expected number of workers returning to office spaces post-pandemic. During a recent webcast presentation, Claes Larsson, executive vice president of Skanska, […]