Skanska Backs Fourth Emil Kolben Phase in Prague With CZK 2.2 Billion

Skanska is investing CZK 2.2 billion, about SEK 1 billion, in the fourth phase of its Emil Kolben District residential project in Prague, Czech Republic. The news.cision.com release put the construction contract at CZK 1.3 billion, about SEK 590M, to be booked in Europe orders for the fourth quarter of 2026.

What the Fourth Phase Adds in Prague

The phase comprises 272 low-energy apartments and five non-residential units. Its architecture draws on the site's industrial heritage and is complemented by new public spaces.

"The Emil Kolben project is well positioned in this market with an attractive customer offering, reflected in a pre-sales rate of above 30 percent for this relatively large phase," said Björn Mattsson, Business Unit President, Skanska Residential Development Europe. "Once completed, the development will provide more than 1,000 homes."

The low-impact living concept centres on energy efficiency, sustainable technologies and access to the city centre that reduces the need for car travel. The project uses certified materials and manages drinking water efficiently, and the building meets the requirements for BREEAM sustainability certification at the Very Good level. Public spaces were developed with local district representatives and a landscape architect, and include recreational areas and features designed to support biodiversity.

Construction starts in November 2026, with completion expected in spring 2029. The wider project, named after the 20th-century Czech industrialist Emil Kolben, comprises five phases with 1,069 residential units and a total area of 51,000 square meters.

Skanska's Scale Behind the Prague Bet

Skanska is a Stockholm-based construction and project development group founded in 1887 that builds and develops buildings, transport infrastructure and commercial and residential property across the Nordics, the UK and the U.S., according to akta.pro company records. The same records list 2025 revenue of SEK 179 billion and 2025 operating income of SEK 7.2 billion.

Earlier Skanska Residential Moves

On October 27, 2026, Skanska said it would invest PLN 157M, about SEK 400M, in a residential development in Kraków, Poland, replacing an office building with 168 apartments and commercial units, news.cision.com reported. On October 23, 2026, the company sold its TingsParken rental multifamily project in Gothenburg to Folksam Group via KPA Pension for about SEK 380M, with closing on completion in the first quarter of 2029, news.cision.com reported.

Skanska's November 5 Report

Skanska will present its third-quarter 2026 interim report on November 5 at 07:30 CET, with a webcasted press conference at 10:00 CET, news.cision.com reported.