Skanska quits housebuilding market

Oct. 1, 2013
Skanska UK has announced that it will close its UK housebuilding business.The Swedish firm said that the other markets in which it was active – construction, infrastructure and commercial development – were providing better returns for its shareholders than its housebuilding arm.Seven Acres in Cambridge, the company’s UK residential scheme, will be completed and the aftercare of residents honoured, Skanska …

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