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.”