Skanska Signs $84M Contract to Build Georgia Data Center With 48 MW Capacity

Skanska has signed an $84 million construction contract with an existing client to build a colocation data center in Georgia, the company announced Sept. 22, 2026. The contract, equivalent to approximately SEK 780 million, will be recorded in Skanska's U.S. order bookings for the third quarter of 2026.

Project Scope and Timeline

The project will encompass approximately 244,730 square feet — or 22,700 square meters — and include five colocation data halls along with administrative space. The facility is designed for 48 megawatts of capacity. Skanska's scope covers civil and structural work, utilities, electrical and mechanical systems, security, interior amenities, fit-out, and commissioning of major equipment through project completion.

Construction is scheduled to begin in November 2026, with completion expected in the third quarter of 2028. The client was described only as an existing client. The specific city, county, and street address within Georgia were not identified in the release.

Based on the announced contract value and the project's 244,730 square feet, the construction contract translates to approximately $343 per square foot. That figure reflects the construction contract value and should not be interpreted as a development cost, building sale price, or valuation metric.

Skanska's Expanding U.S. Data Center Pipeline

The Georgia award is part of a broader pattern of data center contract activity for Skanska in the United States. In August 2026, the company announced a separate $1.2 billion contract to build four data centers in the southeastern United States totaling approximately 808,000 square feet, with construction running from the third quarter of 2026 through the third quarter of 2028.

Additional 2026 data center awards involving existing Skanska clients include a $255 million supplemental contract for a Georgia data center of approximately 245,000 square feet — with construction having begun in March 2026 and completion scheduled for the first quarter of 2028 — as well as a $238 million additional contract for a Virginia data center, a $94 million Virginia data center contract booked in the second quarter of 2026, and a $191 million U.S. data center contract booked in the first quarter of 2026.

The repeated reference to existing clients across these announcements indicates that Skanska is building on established relationships in a technically complex construction segment. Skanska's second-quarter 2026 interim report showed construction order bookings of SEK 68.0 billion, compared with SEK 56.7 billion in the year-earlier period, an increase of approximately 23% after adjusting for currency effects, with the company citing particularly strong bookings in the United States and Sweden.

Georgia Data Center Market Context

The announcement arrives as the Georgia data center market — and the broader North American sector — is experiencing record construction activity alongside historically low vacancy. Primary North American data center vacancy fell to 1.4% in the first half of 2026, while total under-construction capacity reached 7,481.1 megawatts.

Atlanta has emerged as a leading market for data center construction during this period. Under-construction capacity in Atlanta rose 52.3% year over year to 2,882 megawatts, surpassing Northern Virginia on that measure. Market vacancy in Atlanta stood at approximately 1.6% at the end of June 2026, with roughly 80% of space under construction reported as preleased. That combination — record construction alongside very low vacancy — reflects demand from cloud providers, hyperscalers, enterprise users, and artificial-intelligence workloads expanding faster than deliverable supply.

The facility's 48-megawatt design capacity places it within this infrastructure-driven expansion. Development in the region faces practical constraints including power availability, transmission infrastructure, equipment lead times, and construction execution capacity. A 48-megawatt facility requires substantial utility coordination, and Georgia's data center growth has been accompanied by broader debate over grid capacity and cost allocation for new power infrastructure.

About the Contract

Media contacts listed in the announcement include Ashley Jeffery, Head of Communications at Skanska USA Building, and Andreas Joons, Press Officer at Skanska AB. Additional information is available at skanska.com/group.