Skanska Commercial Property Development divests Epic in Malmö, Sweden, for SEK 750M to internal property portfolio
Skanska Commercial Property Development has divested the office building Epic in Malmö, Sweden, to Skanska Investment Properties for about SEK 750M. The internal transaction has no effect on the cash flow and will be recorded in the first quarter 2022. The transfer will take place immediately.The office property Epic consists of two buildings with a total leasable area of approximately 12,000 square meters. The property, which is developed and built by Skanska, was completed in 2020 and is fully let. Among the tenants are Verisure, Spaces, Baker Tilly, Delphi, Web Manuals, Sproud and LoCali.