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Rethinking Urban Value Creation: Insights from the Skanska Report

Cities, developers, and investors are encouraged to shift their focus from short-term project execution to a more sustainable approach that emphasizes the long-term social and economic value of urban environments. The recently released report from Skanska, titled Shaping Sustainable Places, highlights the significant risks posed by neglecting the longevity of urban projects, warning that such negligence could erode resilience, competitiveness, and economic viability in the long run.

Claes Larsson, EVP of Skanska Group's Commercial Property Development and Investment Properties, remarks, "Urban development is entering a critical new phase. Success now means creating resilient places that can adapt, endure over time, and continue to deliver real value for people, the climate, and business long after construction is completed."

The report outlines four essential steps for ensuring a long-term perspective in urban development:

1. Design with Change in Mind: Employing adaptable and resilient design principles can safeguard project value, reduce future modification expenses, and bolster competitiveness over time.

2. Collaborate Proactively: Early alignment and shared responsibilities among stakeholders enhance predictability and long-term performance.

3. Design for People and with People: Engaging local communities early in the process can minimize delays, boost demand, and support stable occupancy levels in urban developments.

4. Measure What Matters: Integrating social, environmental, and economic indicators leads to better decision-making and stronger long-term outcomes.

Lena Hök, EVP of Sustainability and Innovation at Skanska Group, emphasizes the increasing integration of climate risk into the decision-making processes of investors, insurers, and central banks. "Buildings cannot be moved; they need to be adapted and prepared for the future to maintain their value," she states. As climate risks increasingly influence markets, insurance practices, and regulations, the importance of strategies that embrace change, foster early collaboration, engage communities, and prioritize key metrics becomes imperative for ensuring resilience in both buildings and entire urban areas.

Designed for decision-makers and investors focused on creating long-term value in urban settings, the entire report and related materials can be accessed here.

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As one of the largest construction and development firms worldwide, Skanska Group leverages its expertise to shape how people live, work, and connect. With revenue of SEK 179 billion in 2025, Skanska operates in selected markets across the Nordic region, Europe, and the USA. Collaborating with customers and drawing on the knowledge of its approximately 26,000 employees, the company develops innovative and sustainable solutions that support a high quality of life for future generations.