Skanska sells two office buildings in Krakow, Poland, for EUR 75M, about SEK 720M

Skanska has sold the first two buildings of the High5ive office complex in Krakow, Poland, to the real estate fund manager Niam for EUR 75M, about SEK 720M. The transaction will be recorded by Skanska Commercial Development Europe in the fourth quarter 2017, with the transfer of the property scheduled for the second quarter 2018.

The two buildings provide about 23,400 square meters and are scheduled for completion in sequence in the first and in the second quarter 2018. The properties are currently leased to tenants such as Ocado and Business Link.

High5ive will ultimately comprise five office buildings with a total leasable area of about 70,000 square meters. It is located adjacent to Krakow Old Town and the main train station. The project is expected to receive LEED Gold certification (Leadership in Energy & Environmental Design). It will also be certified as a “Building without barriers” for its accessible design and inclusiveness for people with disabilities.

Skanska is one of the leading developers and construction companies in Europe. Outside the Nordics, the company has its European operations in building construction and civil engineering located in Poland, the Czech Republic, Slovakia and the UK. Skanska develops commercial properties in select local markets in Poland, the Czech Republic, Romania and Hungary, and residential developments in Prague and Warsaw. Skanska also offers services in public private partnerships. In 2016, Skanska had sales of SEK 36 billion and about 16,500 employees in its European operations.

For further information please contact:

Aleksandra Markiewicz, Communications, Skanska Commercial Development Europe, tel +48 797 229 147

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media: tel +46 (0)10 448 88 99

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Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 41,000 employees. Skanska's sales in 2016 totaled SEK 151 billion.

About Us

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 41,000 employees in selected home markets in Europe and North America. Skanska's sales in 2016 totaled SEK 151 billion.