Skanska develops and sells office and residential project in Stockholm for about SEK 450 M

Skanska is developing and selling a combined office and residential project in Hammarby Sjöstad in Stockholm. The total sales price amounts to about SEK 450 M and the transaction is being carried out during the fourth quarter.

Developed by Skanska Sweden, the project comprises two parts. The first consists of a residential building with 80 apartments and a 6,000-square-meter office building. These are being acquired by Familjebostäder, which will move its head office to part of the office building.

The second part of the project comprises an office building containing about 7,500 square meters of office premises in eight stories. The buyer of this part is Areim Fond 1, which is making its first investment on the Swedish market.

The project is being carried out in the expanding city district of Hammarby Sjöstad in Stockholm, near the Southern Link highway traffic system. Construction is being carried out by Skanska Sweden and begins during spring 2008, and the new tenants are planned to move in during first half 2010.

Skanska Sweden focuses on construction of residential, public and commercial premises as well as the infrastructure throughout Sweden. The business unit has about 11,000 employees and reported revenues in 2006 of about SEK 24 billion. In Sweden, Skanska is also active in the development of residential and commercial properties.



For further information please contact:

Ola Jansson, Business Developer, Skanska Sweden,
tel +46 8 504 356 20
Peter Gimbe, Group Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: +46 8 753 88 99