According to building.co.uk, 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 “the best growth potential”, it said. The contractor is also planning to launch a residential operation in Poland. It said: “Skanska has long had a large and successful construction operation in the UK. The financial crisis and the dramatic decline in the housing market have now created excellent opportunities for entry as a residential developer.”
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