Skanska to develop, construct and lease out Forstædernes Bank's new head office

Skanska to develop, construct and lease out Forstædernes Bank's new head office Skanska has signed a 15-year leasing agreement with Forstædernes Bank in Copenhagen, Denmark. In total, the agreement covers approximately 14,500 square meters of space at Kalvebod Brygge 47, which will accommodate Forstædernes Bank's new head office. Skanska Öresund, which is part of Skanska Project Development Sweden, will have invested about SEK 300 M in the project upon completion. Skanska Denmark is responsible for the construction work, which will be started as soon as the necessary permits have been obtained. It is estimated that the property will be ready for occupation during the final quarter of 2005. "We are very pleased to welcome Forstædernes Bank as a tenant to the property at Kalvebod Brygge 47. Since we acquired the Kalvebod Brygge area in 1996, we have constructed five office buildings with a combined floor space of about 40,000 square meters. The leasing agreement signed with Forstædernes Bank is in line with Skanska's strategy to develop modern, commercial properties in cooperation with customers," says Nils Olof Nilsson, President of Skanska Öresund. "Kalvebod Brygge was a natural choice for Forstædernes Bank. The location makes us part of Copenhagen's financial center with a highly visible position, excellent communications and a work environment tailored to suit our future operations," says Niels Fessel, President of Forstædernes Bank. 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 Öresund is a subsidiary of Skanska Project Development Sweden. For further information please contact: Nils Olof Nilsson, President, Skanska Öresund, tel +46 40 14 45 83 Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/02/20040402BIT20170/wkr0006.pdf PDF