Skanska invests DKK 560M, about SEK 700M, in a residential project in Ørestad City, Denmark

Skanska invests DKK 560M, about SEK 700M, in a new residential project in Ørestad City, Denmark. The investment is recorded by Skanska Commercial Development Nordic in the second quarter of 2016.

The project, located in a very attractive area in Ørestad City, is 27,300 square meters and consists of 300 rental apartments, ranging from 57 to 132 square meters and a 1,200 square meter convenience store.

The execution of the project will be in cooperation with the management contractor Sjælsø Management. Construction begins in May 2016 and completion is scheduled for the second quarter 2018.

Skanska now has over 900 rental apartments under construction in Copenhagen, of which 600 are sold.

Skanska Commercial Development Nordic initiates and develops property projects in offices, logistics, business premises and commercial buildings. The company’s operations are concentrated in the three metropolitan regions in Sweden, the Copenhagen region in Denmark, the Oslo region in Norway, as well as Helsinki in Finland. The development of logistic properties are conducted in strategic locations in Sweden.

For further information please contact:

Peter Nymann-Jørgensen, Managing Director, Skanska A/S, tel +45 21 68 61 02

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com

Skanska AB discloses the information provided herein pursuant to the Securities Market Act.

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, other European countries and North America. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group currently has 43,100 employees in selected home markets in Europe and North America. Skanska's sales in 2015 totaled SEK 155 billion.

About Us

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.

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