Skanska sells properties in Sweden for SEK 180 M, with a gain of SEK 130 M

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Skanska sells properties in Sweden for SEK 180 M, with a gain of SEK 130 M Skanska is selling two properties in Trollhättan, Sweden. The purchase price is SEK 180 M, and Skanska's gain on the sale amounts to SEK 130 M. The purchaser is Erik Selin, a property owner in western Sweden. The capital gain on the sale is reported in the fourth quarter of 2002 and the purchaser plans to take possession during the first quarter of 2003. Combined, the two properties, Oden 7 and Oden 8, make up the Oden commercial complex in central Trollhättan. The center comprises a total of approximately 17,000 square meters of store and office premises, together with the attached parking area. The tenants include Åhléns, H&M, Lindex and Kappahl among others. Skanska purchased Oden 8 in the mid-1970s, since then the property has gradually been upgraded. Oden 7 was acquired in 2000 and underwent extensive renovation. Currently, the Oden commercial center is virtually fully leased. Skanska Project Development Sweden, one of the market leaders in Sweden, currently has ongoing projects totaling approximately 100,000 square meters, mainly comprising office properties in Sweden, including the Öresund region. Around 81 percent of the project portfolio is currently leased. For further information please contact: Claes Larsson, President, Skanska Project Development Sweden, tel +46 8 504 350 18 or +46 70 581 11 08 Carin Brånen, Communications Manager, Skanska Project Development Sweden, tel + 46 70 553 80 38 or +46 8 504 350 38 Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38 This and previous releases can also be found at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: