Skanska divests three buildings at Linnaeus University in Kalmar, Sweden, for about SEK 1.1 billion
Skanska has divested three buildings at Linnaeus University in Kalmar, Sweden, to Intea Fastigheter. Skanska Commercial Property Development will book the revenue of about SEK 1.1 billion in the second quarter 2017. The transfer of the properties takes place when the tenant moves in late autumn 2018.In connection with the transfer, Intea takes over the funding of the second phase of the project from Skanska, corresponding to an investment of about SEK 370M, and completes the project with Skanska Sweden as contractor. The underlying market value amounts to about SEK 1.4 billion in total.