Skanska may expand US office property business

Stockholm

SWEDISH construction company Skanska AB is considering expanding its US property development business to cities such as San Francisco and Los Angeles where a technology boom is fuelling demand for office space.

"We have the opportunity to do more now," Mats Johansson, head of Skanska's US commercial development unit, said in an interview in Stockholm. Skanska already operates in Washington, Seattle and Boston, where competition for prime land has made new projects harder to come by.