Skanska Cautious on New AI Data Centre Developers
Swedish builder Skanska is exercising greater selectivity with AI data centre projects, focusing on established tech clients while avoiding newer developers facing financing risks. The firm reported a record order backlog driven by strong global demand.
Insights:
Skanska is tightening developer screening for artificial-intelligence data-centre projects, prioritizing established technology clients over newer market entrants. The builder's construction orders jumped 70% to 68 billion crowns in the third quarter, lifting its backlog to 328.3 billion crowns. The shift follows rapid sector expansion in the United States and Sweden that has drawn increased scrutiny from lenders regarding newer developers' financing stability.
