Skanska sells office project in Lodz, Poland, for EUR 66 M, about SEK 600 M

Skanska sells Green Horizon, its first office development in Lodz, to a fund managed by Griffin Real Estate. The value of the transaction totals EUR 66 M, about SEK 600 M. The sale will be recorded by Skanska Commercial Development Europe in the fourth quarter 2014 and the transfer of the property is scheduled for the second quarter 2015.

The total leasable area of this A class office complex is around 33,000 square meters. The entire complex was completed in the second quarter 2013. Green Horizon is already 96 percent leased, mainly to companies from the outsourcing sector, with major tenant Infosys BPO Poland, together with top brands as Southwestern and PwC.

The complex is LEED Gold certified.

Skanska Commercial Development Europe initiates and develops property projects in office buildings. The company’s operations are concentrated in metropolitan areas of the Czech Republic, Hungary, Romania and Poland and are conducted in four local units: Skanska Property Czech Republic, Skanska Property Hungary, Skanska Romania and Skanska Property Poland.

For more information, please contact:

Aleksandra Markiewicz, Communications Coordinator, Skanska Property Poland, tel +48 797 229 147

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

Direct line for media:  +46 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 projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 57,000 employees in selected home markets in Europe and the US. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2013 totaled SEK 136 billion.