Skanska sells head office in Solna for SEK 1.3 billion, with gain of SEK 0.3 billion

Skanska sells head office in Solna for SEK 1.3 billion, with gain of SEK 0.3 billion Skanska is selling the property Brahelund 2 phase 1, also known as HagaPorten, to a German fund-management company for SEK 1,260 M. The capital gain of SEK 290 M will be reported in the fourth quarter of 2003. The buyer will enter into possession of the property at the end of 2003. The Brahelund property was acquired by Skanska Real Estate Stockholm in 1996 and the building was completed in 2001. The Skanska Group will retain its head office in the building. In conjunction with the divestment, Skanska has signed a ten-year lease agreement on market terms and conditions. Skanska will remain the largest tenant in the building, with a contract for 33,400 square meters. The property has leasable floor space of 43,500 square meters, mainly comprising office premises. "The divestment is in line with our strategy of selling fully developed projects," says Johan Bergman, Executive Vice President of Skanska AB. During 2003, Skanska's project development operations in Sweden and Central Europe have sold properties totaling SEK 6.8 billion, at a combined capital gain of around SEK 2.2 billion. Ninety percent of the capital gain is from projects completed during the past five years. Skanska Project Development Sweden focuses primarily on the initiation, development, management and sale of commercial property projects (offices, logistics and volume retail centers). The main emphasis is on Stockholm, Gothenburg and the Öresund region. Skanska Real Estate Stockholm is a subsidiary of Skanska Project Development Sweden. Jones Lang LaSalle has been advisor to the buyer for this acquisition. For further information, please contact: Claes Larsson, Business Unit President, Skanska Project Development Sweden, tel: +46 8 504 350 18 or +46 70 581 11 08. Anders Kupsu, President, Skanska Real Estate Stockholm, tel: +46 8 504 361 85 or +46 70 585 61 85. Peter Gimbe, Press Officer, Skanska AB, Tel: +46 8 753 88 38 Johan Peterson, National Director, Jones Lang LaSalle, tel +46 8 453 51 40 Photos available at www.fastigheter.skanska.se/hagaporten This and previous releases can also be found at www.skanska.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/11/10/20031110BIT00130/wkr0001.pdf