Skanska invests SEK 470 M in office property in Stockholm, Sweden

Skanska invests SEK 470 M in the office property Stockholm Seaside in Stockholm, Sweden. The construction contract for Skanska Sweden is worth SEK 275 M, which will be included in order bookings for he third quarter 2014.

The new office building is the first building in the Stockholm New district in Hammarby Sjöstad in southern Stockholm. The building offers a total area of 14,000 square meters just a few minutes from central Stockholm. The house is equipped with terraces and glass facade to take advantage of the view and the unique location right on the canal.

Work has started and is estimated to be completed by the end of 2016.

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 logistics and volume retail properties is conducted in strategic locations in Sweden, Denmark and Finland.

For further information please contact:

Billy Forsell, Leasing Manager, Skanska Fastigheter Stockholm AB, tel +46 (0)10-448 02 93

Edvard Lind, Head of Media Relations, Skanska AB, tel +46 (0)10 448 88 08

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 may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnership projects. Based on its global green experience, Skanska aims to be the client’s first choice for green solutions. The group currently has 57,000 employees in selected home markets in Europe, the US and Latin America. Skanska's sales in 2013 totaled SEK 136 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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