Skanska Commercial Development Nordic divests Citygate in Gothenburg for about SEK 2.5 billion to internal portfolio
Skanska Commercial Development Nordic has divested the office building Citygate in Gothenburg, Sweden, to own portfolio for about SEK 2.5 billion, after deductions for remaining investments and deferred tax. The internal transaction has no effect on the cash flow and will be recorded in the Investment Properties stream in the second quarter, 2024. The transfer will take place immediately.Citygate with its 36 floors and 144 meters, was developed and built by Skanska and was completed in the fall of 2022. The building has a total lettable area of approximately 43,000 square meters where,